Art. 25 Privileged deposits
1Under Article 37a BankA privileged deposits are:
2Within the meaning of Article 37a BankA privileged deposits are not:
3Claims on the part of bank foundations under Article 5 paragraph 2 of the Ordinance of 13 November 19852 on Tax-deductible Contributions to Recognised Forms of Retirement Provision and on the part of vested benefits foundations under Article 19 paragraph 2 of the Vested Benefits Ordinance of 3 October 19943 qualify as deposits belonging to the individual pension fund members and policy holders. However, these claims shall be paid out to the respective bank foundation or vested benefits foundation. 1 Amended by No I of the FINMA Ordinance of 27 March 2014, in force since 1 Jan. 2015 (AS 2014 1309). |