This Act applies to all of the following, irrespective of their legal form:
financial service providers;
client advisers;
producers and providers of financial instruments.
This Act does not apply to:
the Swiss National Bank;
the Bank for International Settlements;
occupational pension schemes and other institutions whose purpose is to serve occupational pensions (occupational pension schemes), as well as 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;
the following, provided their activities are subject to the Insurance Supervision Act of 17 December 20041(ISA):
1. insurance companies,
2. insurance intermediaries,
3. ombudsman's offices;
e. public insurance institutions in accordance with Article 67 paragraph 1 of the Federal Act of 25 June 19822on Occupational Old Age, Survivors' and Invalidity Pension Provision.