Art. 15

(Art. 14 para. 1 FinIA)

1. Tasks in accordance with Article 14 paragraph 1 FinIA are deemed delegated if financial institutions appoint a service provider to independently and permanently perform in full or in part a material task, thereby changing the circumstances underlying the authorisation.
2. Material tasks are deemed to be:
   1. for portfolio managers and trustees: tasks in accordance with Article 19 FinIA;
   2. for managers of collective assets: tasks in accordance with Article 26 FinIA;
   3. for fund management companies: tasks in accordance with Article 32, Article 33 paragraph 4 and Article34 FinIA;
   4. for securities firms: tasks in accordance with Articles 41 and 44 FinIA.