Financial Services Act (FinSA)

Art. 14FinSA from 2020

Art. 14 Non-assessable or lacking appropriateness or suitability

¹ If the information received by the financial service provider is insufficient for assessing the appropriateness or suitability of a financial instrument, it shall inform the client before providing the service that it cannot perform this assessment.

² If the financial service provider is of the opinion that a financial instrument is not appropriate or suitable for its clients, it shall advise them against it before providing it.

³ A lack of knowledge and experience may be compensated for by providing clients with information.