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Art. 2 – Scope of application

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Art.2

Scope of application

1

This Act applies to intermediated securities that are credited to a securities account by a custodian.

1bis

According to the terms and conditions set out in Article 31 paragraph 1, Article 31 paragraph 2 is applicable to intermediated securities held with a custodian in Switzerland or abroad, even if such custody is subject to foreign law.3

2

It does not affect any provision regarding the registration of registered shares in the share register.

  1. 3 Inserted by Annex No 8 of the FA of 17 Dec. 2021 (Insolvency and Deposit Insurance), in force since 1 Jan. 2023 (AS 2022 732; BBl 2020 6359).
Legal act context
SR 957.1 · FISA · Federal act · Federal Act of 3 October 2008 on Intermediated Securities (Federal Intermediated Securities Act, FISA)
Structure path
Chapter 1 Purpose, Scope and Definitions
Language
English (en)
Data status
2023-01-01

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