1
The Swiss custodian may directly transmit to the Swiss or foreign sub-custodian and other entities and enterprises any data which they or a sub-custodian, entity or enterprise further along the custody chain may require for the fulfilment of their statutory duties in connection with the custody.
2
The custodian shall inform the account holders beforehand in written hard copy or electronically and in a standardised manner about the possibility of data transmission in accordance with paragraph 1 and about the fact that, depending on the applicable foreign law, client data may be passed on to the authorities of the relevant country.