Commentaries: Art. 5

A trading activity within the meaning of Article 2 paragraph 3 letter c AMLA is deemed to be:
1. the purchase and sale for the account of third parties of banknotes, coins, foreign exchange and banking precious metals as well as the exchange of money;
2. trading for one’s own account coins and banknotes that are in circulation;
3. trading in commodities on an exchange for the account of third parties;
4. off-exchange trading in commodities for the account of third parties, provided that the commodities have such a high degree of standardisation that they can be liquidated at any time;
5. trading for one’s own account in banking precious metals.
Trading in securities is only considered a trading activity if it requires an authorisation in accordance with the Financial Institutions Act of 15 June 2018¹(FinIA).²
Accessory currency exchange is not considered a trading activity.

SR 954.1 ↩
Amended by Annex 1 No II 12 of the Financial Institutions Ordinance of 6 Nov. 2019, in force since 1 Jan. 2020 (AS 2019 4633). ↩

Art. 5