Swiss Financial Services Act (“FinSA”)

Below information is provided to clients of HSBC Private Bank (Suisse) SA, hereafter “the Bank”, with regards to the Swiss Financial Services Act (“FinSA”).

Interbank Offered Rates

What is the Financial Services Act (FinSA)?

FinSA aims to strengthen investor protection and the Swiss financial services sector, while adopting a level playing field for financial service providers with standards comparable to those implemented in the existing European regulatory framework. Among other requirements, financial service providers must introduce enhanced rules of conduct and provide clients with comprehensive information and documentation before the provision of any financial service. FinSA applies to financial services provided to HSBC Private Bank (Suisse) SA clients, whether they are domiciled in Switzerland or abroad.

The new Swiss Financial Services Act ("FinSA") entered into force on 1 January 2020, with a transition period of two years. HSBC Private Bank (Suisse) SA is currently implementing the necessary changes to apply all requirements starting January 2022.

Risk information

The Swiss Bankers Association published the first version of its brochure "Risks Involved in Trading Financial Instruments (1.3MB, PDF)" in November 2019, this provides general information on financial services and the risks attached to the trading, buying, selling and custody of financial instruments as well as information on the risks of investing in different types of financial instrument.

Product Information

FinSA introduces the requirement to provide a Key Information Document ("KID") when issuing personal investment recommendation to retail clients. The KID provides information on a specific financial instrument, its risks and costs.

The Bank will give you access to a dedicated KID repository which will be launched in 2021.

Tariff information

The Tariff brochure includes the Bank's standard tariffs and services and is updated periodically.

Tariff Brochure (3.5MB, PDF)

General Terms & Conditions

General Terms & Conditions (302KB, PDF)

Information on the Swiss Banking Ombudsman

Your satisfaction is our priority. If we fail to meet your expectations please contact your Relationship Manager and we will resolve the issue together. However if following a written complaint you deem the Bank's response not sufficient you can contact the Swiss Banking Ombudsman which is a free, neutral and independent mediation agency.

Swiss Banking Ombudsman
Bahnhofplatz 9
P.O. Box
8021 Zürich

Legal Information

The information on this site refers to services or products which are not available in certain locations, or which, in any relevant location, may have components, methods, structures and terms different from the ones described, as well as restrictions on client eligibility. Please contact a Relationship Manager for details of services and products that may be available to you.

The use of the label ‘HSBC Private Banking’, ‘HSBC Private Bank’, ‘we’, or ‘us’ refers to HSBC’s worldwide private banking business, and is not indicative of any legal entity or relationship.

Unless specifically stated otherwise, nothing here is to be deemed an offer, solicitation, endorsement, or recommendation to buy or sell any general or specific product, service or security and should not be considered to constitute investment advice.

This information is entirely qualified by reference to the terms and conditions of the specific service, if any, provided by the relevant HSBC company.

Please note that HSBC Private Banking does not provide Legal and Tax Advice.

Before proceeding, please refer to the full disclaimer and the Terms and Conditions. Read more