Financial Services Act (FinSA)

Art. 13FinSA from 2020

Art. 13 Exemption from the duty to review

¹ Where solely executing or transmitting client orders, financial service providers are not obliged to perform an appropriateness or suitability assessment.

² They shall notify the clients before providing the service described in paragraph 1 that an appropriateness or suitability assessment will not be performed.

³ In the case of professional clients, they may assume that these clients have the required level of knowledge and experience and can financially bear the investment risks associated with the financial service.