The employment relationships of the staff of the Federal Banking Commission, of the Federal Office of Private Insurance and of the Anti-Money Laundering Control Authority shall be transferred in accordance with Article 58 paragraph 1 to FINMA and shall be continued in accordance with this Act.
There is no right to the continuation of any function, field of work or position within the organisational system; however, staff have a right to their current salary for a period of one year.
Job application procedures will be carried out only if it proves necessary as a result of reorganisation or where there is more than one candidate.
FINMA shall endeavour to carry out restructuring activities in a socially acceptable manner.
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