ELP SA is an authorised financial intermediary in Switzerland. Under Swiss law, all financial intermediaries must either affiliate with a self-regulatory organisation (SRO) or obtain authorisation from the competent supervisory authority in order to conduct their activities. ELP SA is affiliated with the SRO PolyReg.
PolyReg is an association recognised by the Swiss Confederation as a self-regulatory organisation (SRO) pursuant to Article 24 of the Swiss Anti-Money Laundering Act. PolyReg performs its statutory supervisory and control duties over its affiliates in accordance with its regulations and is subject to oversight by the Swiss Financial Market Supervisory Authority (FINMA).
ELP SA also holds a currency exchange fiduciary licence under the Law on the Exercise of Fiduciary Professions (LFid), through the following licensed individuals: Mr. Pietro Aulisio, Mr. Enrico Lanati, and Mr. Filippo Cova.
The company maintains professional civil liability insurance covering potential pecuniary losses of up to CHF 1,500,000, issued by Lloyd’s of London.
Licenses and Affiliations
Frequently Asked Questions | FAQ
Who supervises ELP SA as a financial intermediary?
ELP SA, with legal domicile in Chiasso, has been a member of SRO PolyReg since 27.1.2016, a self-regulatory organisation recognised by FINMA under Article 24 of the Swiss Anti-Money Laundering Act (AMLA). This membership authorises it to act as a financial intermediary in the sense of Article 2, paragraph 3 AMLA. The list of recognised SROs is published by FINMA.
How can the authenticity of the PolyReg membership confirmation be verified?
The confirmation, issued in Zurich on 27.1.2016 (Dr. Thomas Spahni, President), is digitally signed in place of a handwritten signature: MD5 checksum f5147e42b25479422d13d262c5df1f61, cryptographic code MtHxdonMOEkVqLaqAxdKbMnARqNbTMjUheeMIxboOEEsxZ. On PolyReg’s Authenticity verification page, enter the company name (ELP SA), the membership date (27.1.2016), the confirmation date (27.1.2016) and the cryptographic code.
What does the QR code printed on the confirmation contain?
The QR code encodes the link to PolyReg’s online verification together with the document data: company name, membership date, confirmation date and cryptographic code. Scanning it with a smartphone leads to the same check described above; the same data can also be entered manually in PolyReg’s form.
Who are ELP SA's licensed currency exchange fiduciaries?
The licences are issued by the Supervisory Authority for the fiduciary professions of the Republic and Canton of Ticino under the cantonal Act on the fiduciary professions (LFid): Pietro Aulisio, financial fiduciary (currency exchange activity only), Bellinzona 17.12.2019; Filippo Cova, currency exchange dealer (cambista), Bellinzona 26.3.2021; Enrico Lanati, currency exchange dealer (cambista), Bellinzona 1.12.2022. Registrations can be checked in the Canton of Ticino’s public register of fiduciaries (in Italian).
Is ELP SA insured?
Yes. ELP SA holds a professional liability insurance policy issued by Lloyd’s of London, covering potential financial losses up to CHF 1.5 million.