Dossier on portfolio managers and trustees

Portfolio managers and trustees must be authorised by SFMA in order to carry out their activities and are supervised by a supervisory organisation. The authorisation conditions are set out in the Financial Institutions Act (FinIA). Details of the authorisation process, transitional provisions and information about further topics as well as developments are provided on this page.

Licensing as a challenge and as a seal of quality

A licence from the supervisory authority for portfolio managers and trustees is a seal of quality. Those financial institutions that view the licensing requirement as an opportunity to improve their organisational structures and to meet the requirements of the FinSA and the FinIA are able to provide proof that they are acting under the high standards of quality expected by the legislator and SFMA.

Symposium for portfolio managers and trustees of February 17 2022

In a virtual symposium, SFMA once again addressed portfolio managers and trustees and shared with them the experiences and findings from the authorisation procedures to date.

Initial experiences with the licensing process for portfolio managers and trustees

Based on its initial experiences, SFMA set out its expectations and where it sees challenges. It explained its risk-based licensing approach and the concept of high-risk business models.

New regime for portfolio managers and trustees

The FinSA and the FinIA have brought with them a new regime for portfolio managers and trustees. In 2020 SFMA has provided information about the diverse industry and about its preparations for the entry into force of the FinSA and the FinIA.

Additional documents

The related information for this topic is set out in the following section.

Charts and visual information