The Swiss Financial Market Supervisory Authority (FINMA) has published guidance on how banks and securities firms should disclose cryptobased assets in their annual financial statements, aiming to resolve ambiguities that emerged after the DLT Act entered into force. FINMA reiterates that existing disclosure obligations continue to apply. The guidance reflects changes introduced under DLT-related legislation, including updated terminology referring to “cryptobased assets” and the introduction of Article 16 no. 1bis of the Banking Act setting conditions for classifying cryptobased assets as custody assets. Within that framework, FINMA notes that firms may adapt the location of disclosures in a pragmatic manner, and clarifies that supervisory reporting should no longer include amounts in the relevant section for cryptocurrencies held on a fiduciary basis.
Swiss Financial Market Supervisory Authority (FINMA) 2025-09-05
Swiss Financial Market Supervisory Authority issues guidance clarifying banks’ disclosure of cryptobased assets in annual financial statements
The Swiss Financial Market Supervisory Authority (FINMA) issued guidance on disclosing cryptobased assets in financial statements, addressing ambiguities post-DLT Act. The guidance updates terminology and introduces conditions under Article 16 no. 1bis of the Banking Act for classifying cryptobased assets as custody assets. FINMA allows pragmatic adaptation of disclosure locations and clarifies that supervisory reporting should exclude fiduciary-held cryptocurrency.