Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

¹ The duty to keep ac­counts and file fin­an­cial re­ports in ac­cord­ance with the fol­low­ing pro­vi­sions ap­plies to:

1.

sole pro­pri­et­or­ships and part­ner­ships that have achieved sales rev­en­ue of at least 500,000 francs in the last fin­an­cial year;

2.

leg­al en­tit­ies.

² The fol­low­ing need only keep ac­counts on in­come and ex­pendit­ure and on their as­set po­s­i­tion:

1.

sole pro­pri­et­or­ships and part­ner­ships with less than 500,000 francs sales rev­en­ue in the last fin­an­cial year;

2.

as­so­ci­ations and found­a­tions which are not re­quired to be entered in the com­mer­cial Re­gister;

3.

found­a­tions that are ex­empt from the re­quire­ment to ap­point an ex­tern­al aud­it­or un­der Art­icle 83b para­graph 2 Swiss Civil Code⁷⁷⁶.

³ For un­der­tak­ings in ac­cord­ance with para­graph 2, re­cog­nised ac­count­ing prin­ciples ap­ply mu­tatis mutandis.