Liquidation of banks and securities firms

Banks and securities firms that decide to liquidate must comply with certain regulatory rules before SFMA issues the certificate for deletion from the Commercial Register.

This SFMA page gives applicants and supervised institutions a practical view of the liquidation of banks and securities firms topic. It explains when a licence, approval, notification or registration may be needed, what information should be prepared, and which changes may require contact with the authority.

Supervisory law requirements

The review focuses on whether the applicant is organised in a way that is suitable for liquidation of banks and securities firms within the Lifting and end of licence conditions area. SFMA will normally look at governance, financial resources, responsible persons, risk controls, compliance arrangements, auditability, outsourcing and whether the planned activity can be carried out without creating avoidable risks for clients, investors, policyholders or market integrity.

Creditor protection

This section explains how creditor protection affects the liquidation of banks and securities firms authorisation or registration topic. The relevant facts should be documented in a way that allows SFMA to understand the legal basis, operating responsibilities and supervisory implications.

Deletion from the Commercial Register

This section explains how deletion from the commercial register affects the liquidation of banks and securities firms authorisation or registration topic. The relevant facts should be documented in a way that allows SFMA to understand the legal basis, operating responsibilities and supervisory implications.

Preparing a complete file

Applicants should keep the submission concise but complete: describe the activity, legal structure, people responsible, control framework, financial resources, relevant documents and any cross-border elements. Where uncertainty remains, the issue should be highlighted early rather than left to emerge during review.