Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

¹ The rep­res­ent­at­ive of­fice of a for­eign fin­an­cial in­sti­tu­tion that provides fin­an­cial ser­vices in ac­cord­ance with Art­icle 3 let­ter c of the FinSA³⁹ must:

a.

com­ply with the pro­vi­sions of the FinSA;

b.

enter its cli­ent ad­visers in a re­gister of ad­visers in ac­cord­ance with Art­icle 28 of the FinSA if they do not ex­clus­ively provide their ser­vices in Switzer­land to pro­fes­sion­al or in­sti­tu­tion­al cli­ents in ac­cord­ance with Art­icle 4 of the FinSA.

² The pro­hib­i­tion on es­tab­lish­ing a rep­res­ent­at­ive of­fice of a for­eign fund man­age­ment com­pany in ac­cord­ance with Art­icle 58 para­graph 2 of the Fin­IA⁴⁰ ap­plies ex­clus­ively to the of­fice's activ­it­ies in re­la­tion to the ad­min­is­tra­tion and man­age­ment of in­vest­ment funds.