English translation of article 77 of the Swiss Insurance Supervision Act
Chapter 6: Special provisions regarding the supervision of insurance groups and insurance conglomerates
Section 2: Insurance conglomerates
> Art. 76 Monitoring of risks
< Art. 78 External auditors
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 77 of the Swiss Insurance Supervision Act
1 The Federal Council shall determine the eligible capital resources on a conglomerate-wide basis.
2 FINMA shall specify the required capital resources. This shall be done based on the internationally recognised principles existing in the insurance sector and the financial sector and shall take into account the significance of these business sectors as well as the associated risks.