**FINMA publishes Guidance on the risks associated with the use of products in individual portfolio management**

# News 03 June 2026 Press release 2026 ## FINMA publishes Guidance on the risks associated with the use of products in individual portfolio management In its new Guidance, the Swiss Financial Market Supervisory Authority FINMA explains the risk patterns it is increasingly observing in relation to the use of products in individual portfolio management in the context of escalation cases. The Guidance recalls the rules that institutions must follow when products are used in individual portfolio management. The number of cases involving portfolio managers under Article 17 FinIA that were escalated to FINMA due to shortcomings (“escalation cases”) increased over the past year. The underlying circumstances resulted in some cases in significant losses for some clients. At the same time, these cases placed a considerable strain on FINMA’s resources. Analysis has identified recurring risk patterns, which FINMA outlines in this Guidance. In relation to the use of products in individual portfolio management, the Guidance highlights the importance of identifying risks at an early stage, robust governance and the consistent and client-focused application of rules of conduct by institutions. ## Contact Serkan Isik, Spokesperson Phone +41 (0)31 327 95 59 [serkan.isik@finma.ch](mailto:serkan.isik@finma.ch) [Press release](https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/8news/medienmitteilungen/2026/06/20260603-mm-am-03-2026-risiken-produkte-vv.pdf?sc_lang=en&hash=4652F1A773C5345009DF6333D57AFD77 "Press release") [Press release](https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/8news/medienmitteilungen/2026/06/20260603-mm-am-03-2026-risiken-produkte-vv.pdf?sc_lang=en&hash=4652F1A773C5345009DF6333D57AFD77 "Press release") FINMA publishes Guidance on the risks associated with the use of products in individual portfolio management Updated: 03.06.2026Size: 0.1  MB - Language(s): - [DE](https://www.finma.ch/de/~/media/finma/dokumente/dokumentencenter/8news/medienmitteilungen/2026/06/20260603-mm-am-03-2026-risiken-produkte-vv.pdf?sc_lang=de&hash=A4A3D7B23FF6BF0B3E7FBA48A86F48AD "Press release DE") - [FR](https://www.finma.ch/fr/~/media/finma/dokumente/dokumentencenter/8news/medienmitteilungen/2026/06/20260603-mm-am-03-2026-risiken-produkte-vv.pdf?sc_lang=fr&hash=E76C7ACF58FA23ED47FFD22000BE7561 "Press release FR") - [IT](https://www.finma.ch/it/~/media/finma/dokumente/dokumentencenter/8news/medienmitteilungen/2026/06/20260603-mm-am-03-2026-risiken-produkte-vv.pdf?sc_lang=it&hash=87C5FBE34B9FD5B66349AA7AABE8F98D "Press release IT") - [EN](https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/8news/medienmitteilungen/2026/06/20260603-mm-am-03-2026-risiken-produkte-vv.pdf?sc_lang=en&hash=4652F1A773C5345009DF6333D57AFD77 "Press release EN") Add to personal download list [FINMA Guidance 03/2026](https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/myfinma/4dokumentation/finma-aufsichtsmitteilungen/20260603-finma-aufsichtsmitteilung-03-2026.pdf?sc_lang=en&hash=8CE405E0B009EF8B6E5E01BB15D13B34 "FINMA Guidance 03/2026") [FINMA Guidance 03/2026](https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/myfinma/4dokumentation/finma-aufsichtsmitteilungen/20260603-finma-aufsichtsmitteilung-03-2026.pdf?sc_lang=en&hash=8CE405E0B009EF8B6E5E01BB15D13B34 "FINMA Guidance 03/2026") Risks associated with the use of products in individual portfolio management Updated: 03.06.2026Size: 0.27  MB - Language(s): - [DE](https://www.finma.ch/de/~/media/finma/dokumente/dokumentencenter/myfinma/4dokumentation/finma-aufsichtsmitteilungen/20260603-finma-aufsichtsmitteilung-03-2026.pdf?sc_lang=de&hash=3E5258EF119E244ED0ED134ED327F795 "FINMA Guidance 03/2026 DE") - [FR](https://www.finma.ch/fr/~/media/finma/dokumente/dokumentencenter/myfinma/4dokumentation/finma-aufsichtsmitteilungen/20260603-finma-aufsichtsmitteilung-03-2026.pdf?sc_lang=fr&hash=4F660D275E39A248BA8F5EACB575E34E "FINMA Guidance 03/2026 FR") - [IT](https://www.finma.ch/it/~/media/finma/dokumente/dokumentencenter/myfinma/4dokumentation/finma-aufsichtsmitteilungen/20260603-finma-aufsichtsmitteilung-03-2026.pdf?sc_lang=it&hash=B7C126AA32F7D21F6557BD17FECBC314 "FINMA Guidance 03/2026 IT") - [EN](https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/myfinma/4dokumentation/finma-aufsichtsmitteilungen/20260603-finma-aufsichtsmitteilung-03-2026.pdf?sc_lang=en&hash=8CE405E0B009EF8B6E5E01BB15D13B34 "FINMA Guidance 03/2026 EN") Add to personal download list