ROHMA - Welcome to the Swiss Commodity Market Supervisory Authority

Monika Roth

“Given its importance to commodity trading, the reputational risks for Switzerland are very high. Switzerland should lead the way with regulation, and not again wait until the noose from foreign initiatives tightens.”

The board of directors

A supervisory authority to combat the regulatory lacuna in the commodities sector

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27.03.2014
Background Report: Commodities Report of the interdepartemental plattform on commodities to the Federal Council

01.04.2014
Illicit financial flows: Challenges and possible courses of action for Swiss development policy - DP Brief April 2014

02.05.2014
Rechtsvergleichender Bericht. Sorgfaltsprüfung bezüglich Menschenrechten und Umwelt im Zusammenhang mit den Auslandaktivitäten von Schweizer Konzernen.

• 17.8.2014 ROHMA expands its enforcement department ROHMA announces an expansion in its technical capacities and personnel in its enforcement department in order to be able to respond to the increasing number of reports concerning potential breaches of Commodities Act (CA) by certain companies active in the commodity sector. +++
• 08.07.2014 ROHMA opens an investigation against Demynag for possible failures to carry out required due diligence A report by the Berne Declaration claims that between 2009 and 2011, Demynag delivered petroleum products to Nigerian companies linked to politically exposed persons (PEP), accused of having unduly levied subsidies on imports of petroleum products. Should this turn out to be the case, Demynag may have breached its duty to carry out due diligence aimed at preventing the embezzlement of public assets. +++
• 06.06.2014 ROHMA opens an investigation against Gargantua and Supertol into price manipulation of barrels of Brent Between February 2011 and September 2012, the crude oil trading divisions of the two Swiss companies may have, for their own profit, illicitly manipulated both the physical price for barrels of Brent as well as Brent futures contracts exchanged on NYMEX. Should this turn out to be the case, Gargantua and Supertol will have breached the requirement for proper business conduct as well as for good organisation. +++
• 03/04/2014 Notice on the entry into force of ROHMA Circular 2014/2 ROHMA highlights issues concerning the circular on the internal organization of companies in the commodity sector that entered into force 1 April 2014. +++
• 02/04/2014 An investigation is opened into the trading of Ukrainian coal by Swiss traders The Swiss Commodity Market Supervisory Authority (ROHMA) has opened an investigation against Swiss traders for potentially having neglected to carry out the required due diligence and for trading in Ukrainian coal fraudulently acquired by the trading companies Espresso Trading SA and Investmet International SA. Multiple breaches of the Commodities Act have been identified, including the failure to declare ownership links with a politically exposed person and the failure to obtain the necessary authorizations. +++