Federal Act
on Financial Institutions
(Financial Institutions Act, FinIA)

¹ Fin­an­cial in­sti­tu­tions with­in the mean­ing of this Act are as fol­lows, ir­re­spect­ive of their leg­al form:

a.

port­fo­lio man­agers (Art­icle 17 para­graph 1);

b.

trust­ees (Art­icle 17 para­graph 2);

c.

man­agers of col­lect­ive as­sets (Art­icle 24);

d.

fund man­age­ment com­pan­ies (Art­icle 32);

e.

se­cur­it­ies firms (Art­icle 41).

² This Act does not ap­ply to:

a.

per­sons who man­age solely the as­sets of per­sons with whom they have busi­ness or fam­ily ties;

b.

per­sons who man­age as­sets solely with­in the con­text of em­ploy­ee par­ti­cip­a­tion schemes;

c.

law­yers, not­ar­ies and their aux­il­i­ar­ies in­so­far as their activ­ity is sub­ject to pro­fes­sion­al con­fid­en­ti­al­ity in ac­cord­ance with Art­icle 321 of the Swiss Crim­in­al Code³ or Art­icle 13 of the Law­yers Act of 23 June 2000⁴, as well as the leg­al en­tit­ies in­to which these per­sons are or­gan­ised;

d.

per­sons who man­age as­sets with­in the frame­work of a leg­ally reg­u­lated man­date;

e.

the Swiss Na­tion­al Bank and the Bank for In­ter­na­tion­al Set­tle­ments;

f.

oc­cu­pa­tion­al pen­sion schemes and oth­er oc­cu­pa­tion­al pen­sion in­sti­tu­tions (oc­cu­pa­tion­al pen­sion schemes), em­ploy­er-sponsored found­a­tions (em­ploy­er-sponsored wel­fare funds); em­ploy­ers who man­age the as­sets of their oc­cu­pa­tion­al pen­sion schemes; em­ploy­er and em­ploy­ee as­so­ci­ations which man­age the as­sets of their as­so­ci­ation schemes;

g.

so­cial se­cur­ity in­sti­tu­tions and com­pens­a­tion funds;

h.

in­sur­ance com­pan­ies as defined in the In­sur­ance Su­per­vi­sion Act of 17 Decem­ber 2004⁵;

i

pub­lic in­sur­ance in­sti­tu­tions in ac­cord­ance with Art­icle 67 para­graph 1 of the Fed­er­al Act of 25 June 1982⁶ on Oc­cu­pa­tion­al Old Age, Sur­viv­ors' and In­valid­ity Pen­sion Pro­vi­sion;

j.

banks pur­su­ant to the Bank­ing Act of 8 Novem­ber 1934⁷ (BankA).