- A FinSA ombudsman office recognised by the Federal Department of Finance (FDF) in 2020.
- A member of the International Network of Financial Services Ombudsman Schemes (INFO-Network).
- The first ombudsman office of the Swiss financial sector to act in the public interest.
- A unique independence in the Swiss financial sector with transparent governance and financing.
- One ombudsman office for commercial and/or work related disputes – as desired.
- Mediation is possible with parties in Switzerland and abroad, in 4 languages, with specialised mediators in Zurich, Geneva, Ticino and Valais.
- The procedure at FINSOM is free of charge for the client or employee but FINSOM does not admit obviously vexatious requests, by law.
- A checklist, a complaint clause and an information sheet on FinSA Mediation are available free of charge, to assist with the compliant integration of the mediation body.
Swiss and foreign financial service providers (incl. client advisers) and financial institutions can affiliate to FINSOM for an unlimited period. It is possible to resign latest 3 months before the end of the calendar year.
The affiliation is always in the name of the Swiss or foreign financial services provider and covers the branches of the affiliated company, whereas a subsidiary is affiliated in its own name. A parent company can affiliate several subsidiaries as a financial group.
Affiliation to FINSOM can be :
- A condition for FINMA authorisation.
- A condition for registration in a Register of Advisers.
Affiliate companies must comply with FINSOM regulations.
Affiliation and Procedural Fees
According to articles 75 para. 1 and 80 FinSA as well as the provisions on occupational health protection, affiliated companies finance the mediation body according to the principle of causality.
FINSOM’s affiliation procedure is quick and simple. It is possible to affiliate one or more companies at the same time via an online form.