English translation of article 47 of the Swiss Insurance Supervision Act

Audit powers and duty of information in case of outsourcing

Chapter 5: Supervision
Section 1: General provisions
> Art. 46 Remit
< Art. 48 Repealed

This page contains an English translation of the below Article of the Swiss Insurance Supervision Act (ISA) and is part of a web based Swiss ISA commentary in German language. Should you require qualified written legal advice on the ISA from a Swiss lawyer please do not hesitate to contact: Melissa Gautschi

Article 47 of the Swiss Insurance Supervision Act 

Audit powers and duty of information in case of outsourcing

1 FINMA may perform audits at any time.

2 If an insurance company outsources important functions to another individual or legal entity, those persons shall be subject to the duty of information and notification according to Article 29 of the Financial Market Supervision Act of 22 June 2007.
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