English translation of article 70 of the Swiss Insurance Supervision Act

External auditors

Chapter 6: Special provisions regarding the supervision of insurance groups and insurance conglomerates
Section 1: Insurance groups 
> Art. 69 Capital resources

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 70 of the Swiss Insurance Supervision Act 

External auditors

Insurance groups must appoint external auditors recognised by the Federal Audit Oversight Authority according to article 9a paragraph 1 of the Audit Supervision Act of 16 December 2005 to carry out an audit pursuant to article 24 of the Financial Market Supervision Act of 22 June 2007. Article 28 shall apply by analogy.