Art. 92

(Art. 74 FinIA)

1. Portfolio managers and trustees which until entry into force of the FinIA were supervised by FINMA as financial intermediaries directly subordinated to it pursuant to the AMLA¹are no longer required to be affiliated to a self-regulatory organisation in accordance with Article 24 AMLA if, within one year of entry into force of the FinIA, they:
   1. receive confirmation from a supervisory organisation that they are subject to supervision in accordance with Article 7 paragraph 2 FinIA; and
   2. submit an authorisation application to FINMA.
2. They shall submit a report on their business activity's compliance with the provisions of the AMLA:
   1. to the supervisory organisation prior to being subject to supervision in accordance with Article 7 paragraph 2 FinIA; or
   2. to the self-regulatory organisation prior to affiliation accordance with Article 14 AMLA.