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Art. 47d – Prerequisites no longer met

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Art. 47d

Prerequisites no longer met

1

Banks that no longer meet the prerequisites under Article 47b must notify FINMA immediately.

2

If FINMA finds that a bank is no longer in category 4 or 5 or that there is a reason for rejection in accordance with Article 47c, it shall notify the bank accordingly.

3

In the event of notifications in accordance with paragraphs 1 and 2, FINMA shall grant the bank a deadline for restoring compliance with the prerequisites. This deadline shall generally be one year, but may be shortened or extended in justified individual cases. If the prerequisites are not met at the end of this period, the simplifications under Article 47a may no longer be availed of.

Legal act context
SR 952.03 · CAO · Ordinance · Ordinance of 1 June 2012 on the Capital Adequacy and Risk Diversification of Banks and Securities Firms (Capital Adequacy Ordinance, CAO)
Structure path
Title 3 Required Capital Chapter 1a Simplifications for Particularly Liquid and Well-Capitalised Banks in Categories 4 and 5
Language
English (en)
Data status
2025-01-24

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