Document background
An Authorised Signatory Letter is a crucial corporate governance document used when a company needs to formally delegate signing authority to specific individuals. Under Swiss law, this document serves as official evidence of a person's authority to represent and bind the company in various business transactions. The letter is particularly important for compliance with Swiss regulatory requirements, including those set forth in the Swiss Code of Obligations and Commercial Registry regulations. It typically specifies whether the signatory has individual or joint signing powers, any financial or operational limitations, and the scope of their authority. Companies use this document when appointing new signatories, modifying existing signing rights, or establishing clear documentation of authorization for third parties such as banks or business partners.
