2010

Staff
The staff at the end of 2010 consisted of two part-time Legal Officers (each 50%) and one Administrator/Secretariat (80%). The division continued to be headed ad interim by the Director of the Office.

Activity
At the beginning of 2010, 460 common-benefit foundations and one private-benefit foundation were subject to STIFA supervision. By the end of 2010, the figures had risen to 1,003 common-benefit and six private-benefit foundations. The focus continued to be on defining processes and responding to enquiries by the financial centre participants affected by practical implementation of the new foundation law.

On application, STIFA may exempt common-benefit foundations from the obligation to appoint an audit authority. As of 31 December 2010, 174 of the 1,003 common-benefit foundations were exempt from the obligation. For these exempt foundations, STIFA as a rule itself exercises the right of inspection.

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