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The Swiss securities firms represent medium-sized firms offering financial services. Securities firm are like banks and insurance companies, and in contrast to so called independent asset managers directly and fully regulated by the FINMA.<\/p>\n
The regulatory status of being a firms dealer allows to perform most of the important services in the financial industry.<\/p>\n
According to Swiss legislation, securities firms are allowed to be custodian of cash and security accounts for their clients. However, in contrast to the regulatory status of a bank, securities firms are not allowed to engage in interest difference transactions. The regulatory basis of Swiss securities firms was introduced in the late nineties with the enactment of the Exchange Act. The Banking Act is \u2013 with a few exceptions \u2013 fully and directly applicable to securities dealers.<\/p>\n
The enactment of the federal Stock Exchange Act has led to a different perception of firms dealers. Whereas historically, firms dealers have been primarily B-concessionaries or exchange agents, they are nowadays predominantly medium-sized asset managers, sometimes even active in brokerage and investment banking.<\/p>\n
In a European context, securities firms are the most regulated investment firms, which are characterized by a minimum capital of \u20ac 730,000 (so-called \u201c730K-firms\u201d). In the German implementation these are the \u201csecurities trading banks\u201d and \u201cportfolio managers\u201d.<\/p>\n
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Position and Status of Securities FirmsThe Swiss securities firms represent medium-sized firms offering financial services. Securities firm are like banks and insurance companies, and in contrast to so called independent asset managers directly and fully regulated by the FINMA. The regulatory status of being a firms dealer allows to perform most of the important services […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-189","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/sasd.ch\/en\/wp-json\/wp\/v2\/pages\/189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sasd.ch\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sasd.ch\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sasd.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sasd.ch\/en\/wp-json\/wp\/v2\/comments?post=189"}],"version-history":[{"count":4,"href":"https:\/\/sasd.ch\/en\/wp-json\/wp\/v2\/pages\/189\/revisions"}],"predecessor-version":[{"id":225,"href":"https:\/\/sasd.ch\/en\/wp-json\/wp\/v2\/pages\/189\/revisions\/225"}],"wp:attachment":[{"href":"https:\/\/sasd.ch\/en\/wp-json\/wp\/v2\/media?parent=189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}