Reminder: Be prepared for your next regulatory audit

Delegation of regulatory material tasks (art. 66 CISO-FINMA) must be reflected in your organizational documents

Rules in relation to any kind of delegation had been introduced by Art. 66 CISO-FINMA in 2015 to provide a similar requirement for CISA licensees as set out for banks in the FINMA Circular 2008/7 «Outsourcing – Banks» (which is currently under revision). The licensees covered by Art. 66 CISO-FINMA are fund management companies, investment Companies with variable capital (SICAVs), asset managers of collective investment schemes and representatives of foreign collective investment schemes (hereinafter «the licensee(s)»).

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For more information please contact us:

Günther Dobrauz
Partner, Leader Legal FS Regulatory &
Compliance Services
+41 58 792 14 97
guenther.dobrauz@ch.pwc.com

Sabine Bartenschlager-Igel
Senior Manager, Legal FS Regulatory &
Compliance Services, Head Asset Management
+41 58 792 28 73
sabine.bartenschlager-igel@ch.pwc.com

Anne Batliner
Manager, Legal FS Regulatory &
Compliance Service
+41 58 792 29 55
anne.batliner@ch.pwc.com

Published by

Guenther Dobrauz

Guenther Dobrauz

Guenther Dobrauz
PwC
Birchstrasse 160
Postfach, 8050 Zurich
+41 58 792 14 97

Guenther Dobrauz is a Partner with PwC Switzerland and Leader Legal FS Regulatory & Compliance Services. He advises Swiss and international financial services firms in all compliance and regulatory matters and also specialises in structuring of investment vehicles.

Guenther Dobrauz received his Masters and PhD degrees in law from Johannes Kepler University (Linz, Austria). He holds an MBA from the University of Strathclyde Graduate School of Business (Glasgow, UK) and has participated in Harvard Business School’s Executive Education Program.

Guenther Dobrauz was Legal Counsel of an international hedge fund group and served as Managing Partner and Legal Counsel of a Swiss Venture Capital firm. He has practiced in court and with a leading business law firm.