# Manager of collective assets licence (Verwalter von Kollektivvermögen nach Art. 24 FINIG) (Switzerland)

Source page: https://protegra.io/licensing/licences/fund-manager/switzerland-manager/

The Manager of collective assets licence (Verwalter von Kollektivvermögen nach Art. 24 FINIG) is issued by Swiss Financial Market Supervisory Authority (FINMA) under Federal Act on Collective Investment Schemes (CISA, SR 951.31). The official register lists 344 current holders. The legal decision period is No fixed calendar deadline under Swiss administrative law. Ownership changes need the regulator's approval before completion.

## At a glance

| Official name | Manager of collective assets licence (Verwalter von Kollektivvermögen nach Art. 24 FINIG) [1] |
| --- | --- |
| Issued by | [Swiss Financial Market Supervisory Authority](https://protegra.io/licensing/regulators/finma-switzerland/) |
| Jurisdiction | [Switzerland](https://protegra.io/licensing/jurisdictions/switzerland/) |
| Licence family | [Fund manager](https://protegra.io/licensing/licences/fund-manager/) |
| Legal basis | Federal Act on Collective Investment Schemes (CISA, SR 951.31) [2] |
| Passporting | Domestic only |
| Annual fee | Annual supervisory levy allocated across collective asset managers under Section 3 FINMA-GebV [3] |
| Statutory decision time | No fixed calendar deadline under Swiss administrative law [4] |
| Public register | [official register](https://www.finma.ch/de/~/media/finma/dokumente/bewilligungstraeger/pdf/flvervt.pdf) [5] |
| Current holders | 344 [5] |

## What it lets you do

- [Managing alternative investment funds](https://protegra.io/licensing/activities/aif-management/)
- [Portfolio management](https://protegra.io/licensing/activities/portfolio-management/)

- **Managing alternative investment funds.** Performing portfolio management and risk management for funds that are not UCITS, such as hedge, private equity and real estate funds.
- **Portfolio management.** Managing client portfolios that include financial instruments on a discretionary, client-by-client basis.

## Where it is valid

_Valid in Switzerland._

## Cost

_Regulatory costs from the official sources above. Professional fees, staff, office and audit come on top and depend on the business model._

## Buying a company that already holds it

**Prior approval required.** A qualifying participation is defined as directly or indirectly holding at least 10% of the capital or voting rights, or otherwise exerting a significant influence over the company (BankA Art. 3 para. 2 let. c; FinIA Art. 11 para. 1). Notification to FINMA is mandatory prior to acquiring, disposing of, or reaching, exceeding, or falling below the statutory thresholds of 10%, 20%, 33%, or 50% (BankA Art. 3 para. 5; BankO Art. 8a; FinIA Art. 11 para. 4). For FinTech licence holders (Art. 1b BankA), FINMA's FinTech Licensing Guidelines explicitly mandate prior formal approval before completing any change in qualified participations. Furthermore, when foreign control is established or modified in a Swiss bank or securities firm, a supplementary licence (Zusatzbewilligung) is mandatory under BankA Art. 3bis. For SRO-affiliated financial intermediaries, Art. 6 para. 2 of SRO regulations (e.g. VQF) mandates prior written notice and SRO approval before transferring qualified holdings. [6]

## Sources

1. [finma.ch: asset management](https://www.finma.ch/en/authorisation/asset-management/): retrieved 2026-09-24
2. [fedlex.admin.ch: 822](https://www.fedlex.admin.ch/eli/cc/2006/822/en): retrieved 2026-09-24
3. [fedlex.admin.ch: de](https://www.fedlex.admin.ch/eli/cc/2008/749/de): retrieved 2026-09-24
4. [fedlex.admin.ch: 801](https://www.fedlex.admin.ch/eli/cc/2018/801/en): retrieved 2026-09-24
5. [finma.ch: flvervt (PDF)](https://www.finma.ch/de/~/media/finma/dokumente/bewilligungstraeger/pdf/flvervt.pdf): retrieved 2026-09-24
6. [finma.ch: fintech bewilligung](https://www.finma.ch/en/authorisation/fintech/fintech-bewilligung/): retrieved 2026-09-24

Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.