(Art. 20 para. 1 let. a CISA)
- Persons who manage or represent Swiss collective investment schemes or hold the assets of these schemes in safekeeping, or who manage or represent foreign collective investment schemes, or their agents, must exercise due diligence in selecting counterparties for securities transactions and other transactions. They must ensure that the best possible result is achieved in financial, time and quality terms when executing securities transactions and other transactions.
- In financial terms, in addition to the price of the financial instrument, they must also take into account the costs associated with the execution of the order as well as third-party compensation.