Financial Services Act (FinSA)

Clients who are not professional clients (see art. 4 para. 2 FinSA)

Client protection level
The financial service provider must fully comply with the conduct provisions pursuant to FinSA.

*Please note that neither Robeco Switzerland nor Robeco Institutional Asset Management B.V. serves Swiss private clients. However, certain Swiss private clients may opt-out to the professional client segment.

a) Public-law entities with professional treasury operations;
b) occupational pension schemes with professional treasury operations and other occupational pension institutions providing professional treasury operations;
c) companies with professional treasury operations;
d) large companies that exceed two of the following sizes:
- balance sheet total of 20 million francs;
- turnover of 40 million francs;
- equity capital of 2 million francs.
e) Private investment structures with professional treasury services set up for wealthy private clients.

Client protection level
The financial service provider has comprehensive duties of transparency and due diligence with regard to client orders, limited duties of verification with regard to the appropriateness and suitability of financial instruments, unless expressly waived by the professional client.

a) financial intermediaries under the Banking Act (BA), the Financial Institutions Act (FINIA) and the Collective Investment Schemes Act (CISA);
b) Insurance undertakings under the Insurance Supervision Act (ISA);
c) foreign clients subject to prudential supervision, such as the aforementioned persons under letters a) and b);
d) central banks;
e) national and supranational public-law entities with professional treasury operations.

Client protection level
The financial service provider has neither duties of information, verification, documentation and accountability nor duties of transparency and diligence with regard to client orders.

Opting-in- bzw. Opting-out-declaration by the client

Opting out because the retail client:

1. by virtue of personal education and professional experience or comparable experience in the financial sector, has the knowledge necessary to understand the risks of the investments, and

2. has assets of at least 500,000 Swiss francs and thus qualifies as a high net worth individual

Opting-out, as the private client has assets of at least 2 million Swiss francs and is therefore considered a high net worth individual

Opting-out Private investment structures with professional treasury services set up for wealthy private clients

New Client segment
Professional Client

1. Opting-in- bzw. Opting-out-declaration by the client
   Opting-in
   
   New Client segment
   Private/ retail client
   
   

2. Opting-in- bzw. Opting-out-declaration by the client
   Opting-out for occupational pension schemes with professional treasury operations and other occupational pension institutions providing professional treasury operations
   
   Opting-out for companies with professional treasury operations
   
   Opting-out for Swiss or foreign collective investment schemes or their management companies, which are not deemed already as institutional client
   
   New Client segment
   Institutional Client

Opting-in- bzw. Opting-out-declaration by the client
Opting-in

New Client segment
Professional Client