Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

(Art. 2 para. 2 let. a Fin­IA)

¹ The fol­low­ing per­sons are deemed to have fam­ily ties with one an­oth­er:

a.

re­l­at­ives by blood or by mar­riage in the dir­ect line;

b.

re­l­at­ives by blood or by mar­riage up to the fourth de­gree in the col­lat­er­al line;

c.

spouses and re­gistered part­ners;

d.

co­heirs and leg­atees from suc­ces­sion un­til com­ple­tion of the di­vi­sion of es­tate or al­loc­a­tion of the leg­acy;

e.

re­main­der­men and re­mainder­wo­men and re­sid­uary leg­atees in ac­cord­ance with Art­icle 488 of the Swiss Civil Code² (CC);

f.

per­sons liv­ing in a per­man­ent life part­ner­ship with a port­fo­lio man­ager or trust­ee.

²Fam­ily ties are deemed to ex­ist in­so­far as port­fo­lio man­agers man­age as­sets or trust­ees man­age in-house funds in fa­vour of per­sons who have fam­ily ties with one an­oth­er, if the port­fo­lio man­agers or trust­ees are dir­ectly or in­dir­ectly con­trolled by:

a.

third parties who have fam­ily ties with these per­sons;

b.

a trust, a found­a­tion or a sim­il­ar leg­al con­struct set up by a per­son with fam­ily ties.

³Para­graph 2 also ap­plies in­so­far as, in ad­di­tion to the per­sons with fam­ily ties, in­sti­tu­tions with a pub­lic or not-for-profit pur­pose are also be­ne­fi­ciar­ies.