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Organisation

I. Association 

The VQF Financial Services Standards Association is organised under private law as an Association under the terms of Art. 60 et seq. of the Swiss Civil Code (SCC) (established 1998), recorded in the Commercial Register of the Canton of Zug and is the oldest and largest self-regulatory organisation (SRO) pursuant to Art. 24 of the Anti-Money Laundering Act (AMLA) with the official recognition  of the Federal Financial Market Supervisory Authority (FINMA) . In addition, the VQF also has rules of professional conduct for asset managers which are officially recognised by FINMA and in this regard is active as an Industry Organisation for independent Asset Managers (BOVV).  

The Association’s organs consist of the General Meeting, the Management Board and the auditor (currently: Bankrevisions- und Treuhand AG, Zurich).

II. Business Divisions 

The Management Board has created two business divisions with further organisational units (see the Association’s organisation chart ), to which specific responsibilities are assigned (see Art. 10 of the Association's By-laws).  

The supervisory division consists of the:

bullet.gif Supervisory Commission;
bullet.gif Auditor.
   
   
The service division comprises:

bullet.gif Management;
bullet.gif Legal & Compliance Desk (with special department for combating financial crime);
bullet.gif Secretariat.

 
Please note that only the German version is legally binding.