Commentaries: Art. 11b

An audit firm is sufficiently organised for the audits under the financial market acts (Art. 9a para. 1 let. b AOA) if:
1. it has at least two licensed lead auditors for the oversight area in accordance with Article 11a for which the licence is granted;
2. after three years at the latest it has at least two audit mandates in the oversight area in accordance with Article 11a for which the licence is granted;
3. it complies with the provisions regarding documentation and safekeeping of documents in accordance with Article 730c CO regardless of its legal form.
²The audit mandates in the oversight areas in accordance with Article 11a paragraph 1 letters a and c are counted towards the oversight area in accordance with Article 11a paragraph 1 letter a^bis.¹

Inserted by No I 2 of the O of 18 June 2021 on the Adaptation of Federal Law to Developments in Distributed Ledger Technology, in force since 1 Aug. 2021 (AS 2021 400). ↩

Art. 11b