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Ordinance of the Swiss Financial Market Supervisory Authority on Collective Investment Schemes

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.

Art. 31 Credit rating

1In the case of OTC trans­ac­tions, the coun­ter­party or its guar­ant­or shall have a high cred­it rat­ing.

2This re­quire­ment does not ap­ply to the cus­todi­an bank of the se­cur­it­ies fund.