FINANCIAL MARKET REGULATION

VQF

WINBRIDGE AG is a member of the Financial Services Standards Association (SRO-VQF).The members of the VQF include financial intermediaries such as independent asset managers, trustees, lawyers, trust companies and the providers of collective investment schemes. The VQF is the largest cross-industry self-regulatory organisation (SRO) approved by the Swiss Financial Market Supervisory Authority, FINMA. It provides comprehensive services in the area of compliance management and monitors adherence to anti-money-laundering legislation and rules of professional and ethical conduct.

SRO

The Swiss system of stock exchange and market supervision is based on the principle of self-regulation. FINMA is in charge of the overall supervision of the stock exchanges and markets.

As an independent supervisory authority, FINMA protects clients on financial markets, including creditors, investors and insurance policy holders. In this way, it strengthens confidence in Switzerland as an integral and competitive financial centre that functions well.

In addition to direct supervision by FINMA, the prevention of money-laundering act (GwG) provides for the possibility of indirect supervision by a self-regulatory organisation (SRO) for certain financial intermediaries in the area of prevention of money laundering and the funding of terrorism.

The role of the SRO is to pass regulations that specify how financial intermediaries are to meet the obligations set out by the prevention of money-laundering act, and to monitor these institutions to ensure compliance. The SROs are in turn supervised by FINMA. It is therefore the duty of FINMA to recognise an SRO or to withdraw its recognition, to enact the regulations laid down by an SRO, and to ensure that SROs enforce this legislation.

FINMA may conduct on-site inspections of SROs or enlist a designated statutory auditor to carry out an inspection. Within the framework of its third country evaluation, the Financial Action Task Force on Money Laundering (FATF) concluded that the Swiss self-regulatory system is adequate in the field of combating money laundering and is comparable to the state regulatory system.

FINMA/FINIG transitional period

With the coming into force of the Financial Institutions Act (FINIG), asset managers and trustees will now be subject to a license by the Swiss Financial Market Supervisory Authority (FINMA) and ongoing supervision by a supervisory organization (AO). WINBRIDGE AG has complied with its reporting obligation in accordance with Art. 74 Transitional Provisions, Paragraph 2 of FINMA. As WINBRIDGE AG is affiliated to the self-regulatory organization under Article 24 of the Money Laundering Act of 10 October 1997 (GwG) and is supervised by it with regard to compliance with the relevant obligations, it can continue its activities without restriction until it’s admission at FINMA.

DEPOSIT INSURANCE

The deposit insurance covers amounts of up to CHF 100,000 and is set out in Swiss banking law. If necessary, it is possible to provide higher levels of deposit insurance according to requirements. WINBRIDGE AG is thus able to ensure the best protection of the invested capital.

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