Art. 9

(Art. 5 and 7 FinIA)

1. The financial institution shall submit an authorisation application to FINMA. The application shall contain all information and documents required to assess it, specifically information and documents on:
   1. the organisation, in particular on corporate governance and control as well as on risk management (Articles 9, 20, 21 and 33 FinIA);
   2. the place of management (Article 10 FinIA);
   3. the guarantee (Article 11 FinIA);
   4. tasks and the delegation of such tasks (Articles 14, 19, 26, 27, 34, 35 and 44 FinIA);
   5. minimum capital and collateral (Articles 22, 28, 36 and 45 FinIA);
   6. capital (Articles 23, 29, 37 and 46 FinIA);
   7. the ombudsman's office (Article 16 FinIA);
   8. the supervisory organisation and the audit firm (Articles 61–63 FinIA).
2. Insurance companies as defined in the ISA¹are exempt from the duty to obtain authorisation as a manager of collective assets.
3. Exemption from the duty to obtain authorisation as a trustee from FINMA can be granted to trustees which act exclusively as trustees for trusts which were established by the same person or in favour of the same family and which are held and monitored by a financial institution which possesses authorisation in accordance with Article 5 paragraph 1 or Article 52 paragraph 1 FinIA.