Commentaries: Art. 6

The following activities are deemed to be activities within the meaning of Article 2 paragraph 3 letters f and g AMLA if they are carried out for the account of a third party:¹
1. the management of securities and financial instruments;
2. the execution of investment orders;
3. the safekeeping of securities;
4. the activity as a governing body of domiciliary companies.
For the purposes of this Ordinance, domiciliary companies are legal entities, companies, institutions, foundations, trusts, fiduciary undertakings and similar associations that do not engage in commercial or manufacturing business or other business conducted in a commercial manner.
Companies are not deemed to be domiciliary companies if:
1. they have as their object the safeguarding of the interests of their members or their beneficiaries by mutual self-help or pursue political, religious, scientific, artistic, charitable, social or similar purposes;
2. they hold a majority interest in one or more operationally active companies and their purpose is not primarily the management of third-party assets (holding companies).

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. 6