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OFST700650 – Is Suitable For Swiss Retail Clients
From a fund houses perspective: May this share class be distributed to Swiss retail clients?
Retail Clients are according to article 4 paragraph 2 of the Financial Services Act (FinSA), in German "Finanzdienstleistungsgesetz" (FIDLEG), clients which are not professional clients.
According to article 4 paragraph 3 professional clients are considered to be: a. financial intermediaries under the Banking Act of 8 November 1934, the Financial Institutions Act of…6 and the Collective Investment Schemes Act of 23 June 2006 b. insurance companies in accordance with the Insurance Supervision Act of 17 December 2004; c. foreign customers, who have an equivalent prudential supervision as the persons of letter a and b; d. central banks; e. public-law corporations with professional vaults; f. pension schemes and institutions whose purpose is to provide occupational pension with professional vaulting; g. Company with professional vaults.
For more information please consider the following links: https://www.newsd.admin.ch/newsd/message/attachments/41567.pdf (only in German available)
| Property | Value |
|---|---|
| OF-ID | OFST700650 |
| Name | Is Suitable For Swiss Retail Clients |
| Area | Static data |
| Level | Share Class |
| Format | yes / no |
| Tags | Full, CH |
| Introduced in | openfunds 1.24 |
Allowed values
yes, no
FundsXML 4 mapping
FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFST700650 on the share class (or position), so FundsXML → openfunds restores it unchanged.
The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.
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