On 22 September 2021, the Swiss Financial Market Supervisory
Authority (FINMA) published guidelines concerning changes in the
persons entrusted with the administration and management of Swiss
banks (FINMA Guidelines). The FINMA explain the procedure regarding
changes of corporate bodies at banks, covering a general overview
of the duration and the requirements in this procedure as well as
the documents to be submitted.
1. General Overview
On 22 September 2021, FINMA published guidelines concerning
changes in the persons entrusted with the administration and
management of banks (FINMA Guidelines) which
explain the procedure regarding changes of corporate bodies at
banks. A change of corporate body is generally understood to mean
any change of members in the board of directors
(BOD) and the executive board
(EB) of banks.
