Representative Form Ircc Template for Switzerland

The Representative Form IRCC is a specialized agreement used in Switzerland for establishing a formal relationship between a regulated entity and an Independent Regulatory and Compliance Consultant. This document is essential for companies operating under Swiss financial regulations that require expert compliance oversight and consultation. It's particularly relevant for entities subject to FINMA supervision and those needing to demonstrate robust compliance frameworks. The agreement includes comprehensive provisions for regulatory reporting, compliance monitoring, advisory services, and professional standards, all aligned with Swiss regulatory requirements. The document is designed to meet the specific demands of Swiss financial services legislation while providing flexibility to accommodate various regulatory compliance needs across different sectors.

1. Parties: Identification of the Principal and the Independent Regulatory and Compliance Consultant, including their full legal names, addresses, and registration details

2. Background: Context of the appointment, including the Principal's business nature and regulatory environment necessitating IRCC services

3. Definitions: Key terms used throughout the agreement, including regulatory-specific terminology and Swiss law concepts

4. Appointment and Scope: Formal appointment of the IRCC and detailed scope of regulatory and compliance services to be provided

5. Duties and Responsibilities: Specific obligations of the IRCC, including regulatory monitoring, reporting, and advisory services

6. Regulatory Compliance: Specific requirements regarding compliance with Swiss financial regulations and reporting obligations

7. Professional Standards: Standards of service, qualifications, and professional conduct requirements

8. Fees and Expenses: Compensation structure, payment terms, and reimbursable expenses

9. Confidentiality: Obligations regarding confidential information and data protection requirements

10. Liability and Indemnification: Extent of IRCC's liability and indemnification provisions

11. Term and Termination: Duration of appointment and conditions for termination

12. General Provisions: Standard contractual clauses including governing law, jurisdiction, and notices