BF Regulation and Self-Regulation of Financial Markets in Switzerland
BF is the database of Swiss banking and financial services legislation, regulation and self-regulation. It is kept up to date as quickly as possible by the Centre for Banking and Financial Law.
Order BF24 in paper version
Order BF24 now for CHF 60 including VAT (delivery in Switzerland included). The book is scheduled for publication at the beginning of April 2024. In over 2,000 pages, you will find all the Swiss financial market regulations and the self-regulation of private organisations up to date to 1 March 2024 (including L-QIF).
You can also download a free PDF version of BF24
Order BF24 in paper version
A-07-10
OS
Ordonnance sur la surveillance des entreprises d'assurance privées
1 Jan 2026 Federal Council
B-26-01
FINMA Circ. 26/1
Circular 2026/1 : Management of climate- and other nature-related financial risks
1 Jan 2026 FINMA
B-25-04
FINMA Circ. 25/4
Circular 2025/4 : Practice relating to consolidated supervision and its scope and content
1 Jul 2025 FINMA
A-03-42
OMCR 20
Ordonnance concernant les mesures pour les cas de rigueur destinées aux entreprises en lien avec l'épidémie de COVID-19
New act as of 1 May 2025 Federal Council
A-03-43
OMCR 22
Ordonnance concernant les mesures pour les cas de rigueur destinées aux entreprises en lien avec l'épidémie de COVID-19 en 2022
New act as of 1 May 2025 Federal Council
B-05-03
Guidelines for Applications for a FinTech Licence Pursuant to Article 1b of the Banking Act
New act as of 24 Apr 2025 FINMA
A-01-21
Ordonnance de la FINMA sur l'audit prudentiel
New act as of 4 Apr 2025 FINMA
A-01-01
FINMASA
Federal Act on the Swiss Financial Market Supervisory Authority
New act as of 1 Apr 2025
A-34-01
FADP
Federal Act on Data Protection
New act as of 1 Apr 2025
A-34-10
DPO
Ordinance on Data Protection
New act as of 1 Apr 2025 Federal Council
B-01-01
Regulations on the Organisation of the Swiss Financial Market Supervisory Authority FINMA
New act as of 1 Apr 2025 FINMA
B-01-06
Règlement d'organisation de la direction et des divisions subordonnées de l'Autorité fédérale de surveillance des marchés financiers FINMA
New act as of 1 Apr 2025 FINMA
A-03-41
LCaS-COVID-19
Loi fédérale sur les crédits garantis par un cautionnement solidaire à la suite du coronavirus
New act as of 31 Mar 2025
B-04-50
Comm. FINMA 01/2025
Communication FINMA sur la surveillance 01/2025 : Accès aux rapports de gestion des banques
New act as of 27 Feb 2025 FINMA
A-03-11
OFR
Ordonnance sur les fonds propres et la répartition des risques des banques et des maisons de titres
New act as of 24 Jan 2025 Federal Council
A-03-10
BO
Ordinance on Banks and Savings Banks
New act as of 1 Jan 2025 Federal Council
A-03-12
LiqO
Ordinance on the Liquidity of Banks and Securities Firms
New act as of 1 Jan 2025 Federal Council
A-03-23
OPub-FINMA
Ordonnance de la FINMA sur les obligations des banques et des maisons de titres en matière de publication
New act as of 1 Jan 2025 FINMA
A-03-24
TBEO-FINMA
FINMA Ordinance on the Trading Book and Banking Book and Eligible Capital of Banks and Securities Firms
New act as of 1 Jan 2025 FINMA
A-03-25
OLRO-FINMA
Ordonnance de la FINMA sur le leverage ratio et les risques opérationnels des banques et des maisons de titres
New act as of 1 Jan 2025 FINMA
A-03-26
OCré-FINMA
Ordonnance de la FINMA sur les risques de crédit des banques et des maisons de titres
New act as of 1 Jan 2025 FINMA
A-03-27
OMar-FINMA
Ordonnance de la FINMA sur les risques de marché des banques et des maisons de titres
New act as of 1 Jan 2025 FINMA
A-04-10
FinIO
Ordinance on Financial Institutions
New act as of 1 Jan 2025 Federal Council
A-05-10
FinMIO
Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
New act as of 1 Jan 2025 Federal Council
A-23-01
LPP
Loi fédérale sur la prévoyance professionnelle vieillesse, survivants et invalidité
New act as of 1 Jan 2025
A-23-11
OPP 2
Ordonnance sur la prévoyance professionnelle vieillesse, survivants et invalidité
New act as of 1 Jan 2025 Federal Council
A-23-12
OPP 3
Ordonnance sur les déductions admises fiscalement pour les cotisations versées à des formes reconnues de prévoyance
New act as of 1 Jan 2025 Federal Council
A-24-10
OLG
Ordonnance sur l'émission de lettres de gage
New act as of 1 Jan 2025 Federal Council
A-25-12
Ordonnance du DFJP sur le taux d'intérêt maximal pour les crédits à la consommation
New act as of 1 Jan 2025 Federal Department of Justice and Police
B-08-20
Circ.-FINMA 08/20
Circulaire 2008/20 : Exigences de fonds propres relatives aux risques de marché dans le secteur bancaire
Repealed as of 1 Jan 2025 FINMA
B-13-01
Circ.-FINMA 13/1
Circulaire 2013/1 : Fonds propres des banques pris en compte selon le droit de la surveillance
Repealed as of 1 Jan 2025 FINMA
B-15-03
FINMA Circ. 15/3
Circular 2015/3: Calculating the Unweighted Capital Ratio (Leverage Ratio) at Banks
Repealed as of 1 Jan 2025 FINMA
B-16-01
Circ.-FINMA 16/1
Circulaire 2016/1 : Exigences prudentielles de publication
Repealed as of 1 Jan 2025 FINMA
B-17-07
FINMA Circ. 17/7
Circular 2017/7 : Capital Requirements for Credit Risk at Banks
Repealed as of 1 Jan 2025 FINMA
B-25-01
Circ.-FINMA 25/1
Circulaire 2025/1 : Activités d'audit
New act as of 1 Jan 2025 FINMA
B-25-02
Circ.-FINMA 25/2
Circulaire 2025/2 : Application des règles de comportement selon la LSFin et l'OSFin par les prestataires de services financiers
New act as of 1 Jan 2025 FINMA
B-25-03
FINMA Circ. 25/3
Circular 2025/3 : Liquidity Management, Risk Management and Reporting
New act as of 1 Jan 2025 FINMA
D-01-11
Directives relatives aux exigences minimales pour les financements hypothécaires
New act as of 1 Jan 2025 Swiss Bankers Association (SBA)
D-01-12
Directives concernant l'examen, l'évaluation et le traitement des crédits garantis par gage immobilier
New act as of 1 Jan 2025 Swiss Bankers Association (SBA)
D-05-03
Self-regulation on the Prevention of Greenwashing in Sustainability-related Unit-linked Life Insurance
New act as of 1 Jan 2025 Swiss Insurance Association
D-41-01
Regulations of the Self-Regulatory Organisation Pursuant to the Anti-Money Laundering Act VQF with Regard to the Combating of Money Laundering and Financing of Terrorism
New act as of 1 Jan 2025 Financial Services Standards Association
B-08-19
FINMA Circ. 08/19
Circular 2008/19 : Capital Requirements for Credit Risks at Banks
Repealed as of 31 Dec 2024 FINMA
B-08-21
FINMA Circ. 08/21
Circular 2008/21: Capital Adequacy Requirements and Qualitative Requirements for Operational Risks at Banks
Repealed as of 31 Dec 2024 FINMA
B-12-01
FINMA Circ. 12/1
Circular 2012/1: Recognition of External Credit Assessment Institutions (Credit Rating Agencies)
Repealed as of 31 Dec 2024 FINMA
B-13-03
FINMA Circ. 13/3
Circular 2013/3: Auditing
Repealed as of 31 Dec 2024 FINMA
B-13-05
FINMA Circ. 13/5
Circular 2013/5: Principles for Recording Liquidity Risks and Liquidity Reporting for Insurers
Repealed as of 31 Dec 2024 FINMA
C-09-19
D-03/2014
Directives D-03/2014 : Reconnaissance de directives techniques de la CSEP comme standard minimal
New act as of 31 Dec 2024 Occupational Pension Supervisory Commission
D-02-09
Guideline for the Integration of ESG Considerations into the Advisory Process for Private Clients
Repealed as of 31 Dec 2024 Swiss Bankers Association (SBA)
B-04-49
FINMA Guidance 08/2024
FINMA Guidance 08/2024: Governance and Risk Management when Using Artificial Intelligence
New act as of 18 Dec 2024 FINMA
B-04-48
FINMA Guidance 07/2024
FINMA Guidance 07/2024: Calculation of Minimum Capital for Operational Risks: Exclusion of Loss Events
New act as of 13 Dec 2024 FINMA
C-23-03
Contrat d'assujettissement à SO-FIT entre SO-FIT et l'assujetti
New act as of 29 Oct 2024 Supervisory Organisation for Financial Intermediaries & Trustees
D-78-01
Normes minimales relatives à la formation initiale et continue des intermédiaires d'assurance selon l'art. 43 LSA
New act as of 1 Oct 2024 Insurance Industry Vocational Training Association
D-71-02
Directives sur l'indépendance
New act as of 25 Sep 2024 ExpertSuisse
A-27-01
Hague Convention on the Law Applicable to Trusts and on their Recognition
New act as of 24 Sep 2024
A-41-01
BFSA
Agreement between the Swiss Confederation and the United Kingdom of Great Britain and Northern Ireland on Mutual Recognition in Financial Services (preprint version)
New act as of 4 Sep 2024
A-07-02
LSA
Loi fédérale sur la surveillance des entreprises d'assurance
New act as of 1 Sep 2024
A-07-10
OS
Ordonnance sur la surveillance des entreprises d'assurance privées
New act as of 1 Sep 2024 Federal Council
A-07-20
OS-FINMA
Ordonnance de la FINMA sur la surveillance des entreprises d'assurance privées
New act as of 1 Sep 2024 FINMA
B-10-03
Circ.-FINMA 10/3
Circulaire 2010/3 : Assurance complémentaire à l'assurance-maladie sociale et questions particulières de l'assurance-maladie privée
New act as of 1 Sep 2024 FINMA
B-16-02
FINMA Circ. 16/2
Circular 2016/2: Principles for the Financial Condition Report
New act as of 1 Sep 2024 FINMA
B-16-03
FINMA Circ. 16/3
Circular 2016/3 : Basic Principles for Conducting an Own Risk and Solvency Assessment (ORSA) and for Reporting to FINMA
New act as of 1 Sep 2024 FINMA
B-16-04
FINMA Circ. 16/4
Circular 2016/4: Supervision, Organisation, Structure, Intra-group Transactions, and Reporting by Insurance Groups and Conglomerates
New act as of 1 Sep 2024 FINMA
B-17-05
Circ.-FINMA 17/5
Circulaire 2017/5 : Exigences envers les plans d'exploitation des entreprises d'assurance
New act as of 1 Sep 2024 FINMA
B-24-01
Circ.-FINMA 24/1
Circulaire 2024/1 : Test suisse de solvabilité (SST)
New act as of 1 Sep 2024 FINMA
B-24-02
Circ.-FINMA 24/2
Circulaire 2024/2 : Assurance sur la vie
New act as of 1 Sep 2024 FINMA
C-09-22
D-01/2016
Directives D-01/2016 : Exigences à remplir par les fondations de placement
New act as of 1 Sep 2024 Occupational Pension Supervisory Commission
D-01-22
Guidelines for the Financial Service Providers on the Integration of ESG-Preferences and ESG-Risks and the Prevention of Greenwashing in Investment Advice and Portfolio Management
New act as of 1 Sep 2024 Swiss Bankers Association (SBA)
D-07-80
Self-regulation on Transparency and Disclosure for Sustainability-related Collective Assets
New act as of 1 Sep 2024 Asset Management Association Switzerland
B-08-25
Circ.-FINMA 08/25
Circulaire 2008/25 : Obligation indépendante des entreprises d'assurance de renseigner sur tout fait susceptible de concerner la surveillance
Repealed as of 31 Aug 2024 FINMA
B-08-42
Circ.-FINMA 08/42
Circulaire 2008/42 : Provisions techniques dans l'assurance dommages
Repealed as of 31 Aug 2024 FINMA
B-08-43
Circ.-FINMA 08/43
Circulaire 2008/43 : Provisions techniques dans l'assurance sur la vie
Repealed as of 31 Aug 2024 FINMA
B-11-03
Circ.-FINMA 11/3
Circulaire 2011/3 : Provisions techniques en réassurance
Repealed as of 31 Aug 2024 FINMA
B-16-05
FINMA Circ. 16/5
Circular 2016/5 : Investments Made for Total Assets and for Tied Assets of Insurance Companies
Repealed as of 31 Aug 2024 FINMA
B-16-06
Circ.-FINMA 16/6
Circulaire 2016/6 : Assurance sur la vie
Repealed as of 31 Aug 2024 FINMA
B-17-03
FINMA Circ. 17/3
Circular 2017/3 : Swiss Solvency Test (SST)
Repealed as of 31 Aug 2024 FINMA
B-04-47
FINMA Guidance 06/2024
FINMA Guidance 06/2024: Stablecoins: risks and challenges for issuers of stablecoins and
banks providing guarantees
New act as of 26 Jul 2024 FINMA
B-04-46
Comm. FINMA 05/2024
Communication FINMA sur la surveillance 05/2024 : Obligations des entreprises d'assurance concernant les intermédiaires d'assurance
New act as of 17 Jul 2024 FINMA
A-02-11
NBO
Ordinance to the Federal Act on the Swiss National Bank
New act as of 1 Jul 2024 Swiss National Bank
A-23-14
OFP
Ordonnance sur les fondations de placement
New act as of 1 Jul 2024 Federal Council
D-07-91
"Sustainability Risk Management" Recommendations
New act as of 1 Jul 2024 Asset Management Association Switzerland
D-60-01
Règlement de l'Office de médiation
New act as of 25 Jun 2024 Ombudsman of Private Insurance and of Suva
C-03-12
Instruction sheet governing liquidity against mortgage collateral (LAMC)