Changes to articles of association and regulations

Changes to the articles of association or partnership agreements of banks and securities firms, as well as their main regulations, must be authorised by SFMA. Branches of foreign banks and securities firms only need to have their regulations authorised.

This SFMA page gives applicants and supervised institutions a practical view of the changes to articles of association and regulations topic. It explains when a licence, approval, notification or registration may be needed, what information should be prepared, and which changes may require contact with the authority.

Material content decisive

This section explains how material content decisive affects the changes to articles of association and regulations authorisation or registration topic. The relevant facts should be documented in a way that allows SFMA to understand the legal basis, operating responsibilities and supervisory implications.

Change procedure

Material changes should be assessed before implementation. Changes in ownership, management, organisation, business activity, documents, outsourcing, risk models or the decision to stop a licensed activity can require prior approval or notification. Applicants and licence holders should keep the authorisation basis aligned with their actual operating model.

Review by SFMA

This section explains how review by sfma affects the changes to articles of association and regulations authorisation or registration topic. The relevant facts should be documented in a way that allows SFMA to understand the legal basis, operating responsibilities and supervisory implications.

Preparing a complete file

Applicants should keep the submission concise but complete: describe the activity, legal structure, people responsible, control framework, financial resources, relevant documents and any cross-border elements. Where uncertainty remains, the issue should be highlighted early rather than left to emerge during review.