# VSB 20 Art. 58 — Application - **Rubric (DE):** Anwendbarkeit - **Rubric (EN):** Application - **Chapter:** 8. Kapitel — Prüf- und Verfahrensbestimmungen - **Scope:** Banks & securities firms (incorporated via [[GwV-FINMA Art. 35 - Identification, controlling person and beneficial|GwV-FINMA Art. 35]]) - **Status:** In force (since 1 January 2020) ## Description By signing these rules of conduct (*Standesregeln*), the bank submits itself to the audit and procedural provisions that follow (*Prüf- und Verfahrensbestimmungen*). ## Context & interpretation The SBA commentary has no section on Art. 58. At chapter level (8. Kapitel) it states only that, in the VSB 20 revision, the procedural provisions on the abbreviated procedure (*abgekürztes Verfahren*) were adapted to take account of the procedural regulations (*Verfahrensreglement*). ## FATF - None directly. ## Swiss counterparts - None in this map. ## Part of - [[VSB 20]] ## Sources - VSB 20 (Vereinbarung vom 13. Juni 2018, in force 1.1.2020), Art. 58 - SBVg Kommentar zur VSB 20 (2020), chapter-level remark on the 8. Kapitel