Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

(Art. 14 para. 1 Fin­IA)

¹Tasks in ac­cord­ance with Art­icle 14 para­graph 1 Fin­IA are deemed del­eg­ated if fin­an­cial in­sti­tu­tions ap­point a ser­vice pro­vider to in­de­pend­ently and per­man­ently per­form in full or in part a ma­ter­i­al task, thereby chan­ging the cir­cum­stances un­der­ly­ing the au­thor­isa­tion.

²Ma­ter­i­al tasks are deemed to be:

a.

for port­fo­lio man­agers and trust­ees: tasks in ac­cord­ance with Art­icle 19 Fin­IA;

b.

for man­agers of col­lect­ive as­sets: tasks in ac­cord­ance with Art­icle 26 Fin­IA;

c.

for fund man­age­ment com­pan­ies: tasks in ac­cord­ance with Art­icle 32, Art­icle 33 para­graph 4 and Art­icle34 Fin­IA;

d.

for se­cur­it­ies firms: tasks in ac­cord­ance with Art­icles 41 and 44 Fin­IA.