Art. 2 – Scope of application

portfolio managers (Article 17 paragraph 1);

trustees (Article 17 paragraph 2);

managers of collective assets (Article 24);

fund management companies (Article 32);

securities firms (Article 41).

persons who manage solely the assets of persons with whom they have business or family ties;

persons who manage assets solely within the context of employee participation schemes;

lawyers, notaries and their auxiliaries insofar as their activity is subject to professional confidentiality in accordance with Article 321 of the Swiss Criminal Code³ or Article 13 of the Lawyers Act of 23 June 2000⁴, as well as the legal entities into which these persons are organised;

persons who manage assets within the framework of a legally regulated mandate;

the Swiss National Bank and the Bank for International Settlements;

occupational pension schemes and other occupational pension institutions (occupational pension schemes), employer-sponsored foundations (employer-sponsored welfare funds); employers who manage the assets of their occupational pension schemes; employer and employee associations which manage the assets of their association schemes;

social security institutions and compensation funds;

insurance companies as defined in the Insurance Supervision Act of 17 December 2004⁵;

public insurance institutions in accordance with Article 67 paragraph 1 of the Federal Act of 25 June 1982⁶ on Occupational Old Age, Survivors' and Invalidity Pension Provision;

banks pursuant to the Banking Act of 8 November 1934⁷ (BankA).