# VSB 20 Art. 67 — Investigators - **Rubric (DE):** Untersuchungsbeauftragte - **Rubric (EN):** Investigators - **Chapter:** 8. Kapitel — Prüf- und Verfahrensbestimmungen (3. Abschnitt: Organisation) - **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 Abs. 1: the SBA (*SBVg*) appoints one or more investigators (*Untersuchungsbeauftragte*). Where a breach of the agreement is suspected, they carry out the necessary investigations and either apply to the supervisory commission, in accordance with Art. 60, for sanction proceedings to be conducted, or discontinue the proceedings on their own authority. Abs. 2: the term of office is five years, which the SBA's board of directors (*Verwaltungsrat*) may extend by one year; re-election is permitted. Only persons who have not yet reached the age of 70 are eligible; if the age of 70 is reached during a term, that term may be completed. Abs. 3: as agents (*Beauftragte*) within the meaning of Art. 47 BankG, the investigators must maintain strict confidentiality about facts that became known to them in the investigation and sanction proceedings; the banks cannot invoke banking secrecy vis-à-vis the investigators. ## Context & interpretation The SBA commentary states that the investigator's option of discontinuing the proceedings on their own authority was retained in the VSB 20. ## FATF - None directly. ## Swiss counterparts - None in this map. ## Related VSB articles - [[VSB 20 Art. 60 - Investigations|VSB 20 Art. 60]] — referred to in the article text ## Part of - [[VSB 20]] ## Sources - VSB 20 (Vereinbarung vom 13. Juni 2018, in force 1.1.2020), Art. 67 - SBVg Kommentar zur VSB 20 (2020), Art. 67