meta_id 3208919

On June 3, 2026, the Swiss Financial Market Supervisory Authority (FINMA) published a supervisory notice identifying recurring risk patterns in the use of products within individual asset management services. The notice addresses escalated cases involving asset managers regulated under Article 17 of the Financial Market Infrastructure Act (FINIG), which increased significantly over the previous year. FINMA observed that escalated cases—those involving deficiencies reported to the authority—resulted in substantial customer losses and consumed considerable regulatory resources. Through its analysis, FINMA identified recurring risk patterns that warrant industry attention. The supervisory notice emphasises the importance of early risk identification, robust governance structures, and consistent, customer-centric application of conduct requirements by financial institutions offering individual asset management services. The notice serves as a reminder to regulated institutions of their obligations when deploying products within individual asset management frameworks. Key focus areas include strengthening internal controls, implementing proactive risk management procedures, and ensuring compliance with behavioural conduct standards designed to protect customers. The supervisory notice is available in German, French, Italian, and English. Financial institutions offering individual asset management services should review the notice to assess their current practices against the identified risk patterns and implement necessary remedial measures to prevent escalation to FINMA.