Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

(Art. 26 Fin­IA)

¹The re­ceipt and trans­mis­sion of or­ders in the name of and on be­half of cli­ents in re­la­tion to fin­an­cial in­stru­ments is deemed to be an ad­min­is­trat­ive activ­ity in ac­cord­ance with Art­icle 26 para­graph 3 Fin­IA which a man­ager of col­lect­ive as­sets can per­form with­in the scope of its tasks in ac­cord­ance with Art­icle 26 Fin­IA. Art­icle 35 Fin­IA re­mains re­served.

²A man­ager of col­lect­ive as­sets which also of­fers per­son­al­ised as­set man­age­ment in ac­cord­ance with Art­icle 6 para­graph 4 in con­junc­tion with Art­icle 17 para­graph 1 Fin­IA may not in­vest the in­vestor's as­sets, wheth­er in full or in part, in units of col­lect­ive in­vest­ment schemes that it man­ages, un­less the cli­ent has giv­en their gen­er­al con­sent be­fore­hand.

³If the ren­der­ing of ad­di­tion­al ser­vices in­creases the risks to which man­agers of col­lect­ive as­sets are ex­posed, this must be taken in­to ac­count with­in the scope of su­per­vi­sion (Art­icles 61 and 63 Fin­IA).