Art. 66

(Art. 9 FinIA)

1. Securities firms must be able to be represented by a person who has their place of residence in Switzerland. This person must be a member of the body responsible for management or of the body responsible for governance, supervision and control.
2. The body responsible for management must comprise at least two persons.
3. Firms trading for the account of clients and firms acting as market makers within the meaning of Article 41 letters a and c FinIA must appoint a special body responsible for governance, supervision and control. Its members may not be members of the body responsible for management.
4. Where there are legitimate grounds for so doing, FINMA may allow relaxations of these requirements or it may impose more stringent requirements.
5. FINMA shall regulate the requirements on disclosure of information on organisational matters, including information on remuneration.¹