Federal Act
on the Swiss Financial Market Supervisory Authority
(Financial Market Supervision Act, FINMASA)

¹ Su­per­vised parties may trans­mit non-pub­lic in­form­a­tion to the for­eign fin­an­cial mar­ket su­per­vis­ory au­thor­it­ies re­spons­ible for them and to oth­er for­eign en­tit­ies re­spons­ible for su­per­vi­sion provided:

a.

the con­di­tions set out in Art­icle 42 para­graph 2 are ful­filled;

b.

the rights of cli­ents and third parties are pre­served.

² Fur­ther­more, they may trans­mit non-pub­lic in­form­a­tion re­lated to the trans­ac­tions of cli­ents and su­per­vised parties to for­eign au­thor­it­ies and to en­tit­ies act­ing on the au­thor­it­ies' be­half if the rights of cli­ents and third parties are pre­served.

³ The trans­mis­sion of in­form­a­tion that is of sub­stan­tial im­port­ance in ac­cord­ance with Art­icle 29 para­graph 2 must be re­por­ted to FINMA be­fore­hand.

⁴ FINMA may re­serve ad­min­is­trat­ive as­sist­ance chan­nels.

⁵ It may make the trans­mis­sion, pub­lic­a­tion or for­ward­ing of files in the con­text of su­per­vi­sion sub­ject to its ap­prov­al if this is in the in­terest of its task ful­fil­ment and is not in con­flict with over­rid­ing private or pub­lic in­terests.