Security and conformity
- Supervision – FINMA
As a custodian institution, JL Securities SA enjoys the status of Securities Dealer (SESTA) conferred by the Swiss Financial Market Supervisory Authority (FINMA), the regulatory authority to which it is subject in the conduct of its business.
Under the supervision of the Swiss Banking Commission, JL Securities SA offers its clients a tradition of trust, an experienced know-how and a devoted capacity to give each relationship the expected personalized banking service. Its custodian, wealth management, advisory and brokerage services are conducted with discipline and diligence to meet the requirements of local and international private clients around the globe.
- External Auditors – KPMG “Switzerland”
Since its inception, JL Securities SA have selected KPMG- Geneva, a leading audit firm to conduct and certify its financial statements and activities.
- Internal Auditors – GRANT THORNTON / BAKER & TILLY SPIESS
Grant Thornton provides its services in audit and controls on a regular basis and reports to the Board of Directors of JL Securities SA. Regulatory Requirements – Fatca Compliant, Qualified Intermediary, EAR
JL Securities SA opted for a high level of diligence to provide its clients tranquillity and security. JL Securities SA is FATCA compliant and is registered to the US tax authorities as a “Qualified Intermediary”. The company also meets the Automatic Exchange of Information requirements for jurisdictions that have concluded bilateral agreements with Switzerland.
- Confidentiality – Banking secrecy
In accordance with Swiss law, JL Securities SA is subject to full compliance with legal and regulatory requirements. It is faithful to the Swiss banking tradition. The banking secrecy enshrined in the texts of Swiss law represents the basis and respect for the private sphere.
- Efficiency – The Network
JL Securities SA is a member of the SWIFT network and the Swiss banking clearing house, “SIC”. Through its network, JL Securities SA provides its clients with a fast and efficient banking service and guarantees services to its counterparties on the principles of “best execution”.
- Are my deposits covered by the depositor protection scheme?
Yes, like any bank and any securities dealer in Switzerland, JL Securities SA is required to sign the Agreement by Swiss banks and securities dealers on depositor protection. Deposits totalling a maximum amount of CHF 100,000 per client are therefore protected.
Deposits also include medium-term notes held in the name of the depositor at the issuing bank.
Switzerland’s depositor protection scheme is provided by esisuisse and is explained in detail at www.esisuisse.ch.