AEOI – Automatic Exchange of Information

Member countries of the OECD and other countries have introduced the AEOI in order to increase tax transparency. The AEOI requires Swiss financial institutions to identify reportable accounts and to report these to the competent tax authority, which will then forward the information to the tax authority of the respective partner state.

Link to the list of partner states
Link to the AEOI federal act and to the AEOI ordinance

Deposit protection

In case of insolvency of a Swiss bank or a Swiss securities firm, bank deposits up to a maximum of CHF 100'000 are protected. This deposit protection scheme prescribed by Swiss banking law is implemented by esisuisse.

Federal Act on Financial Services (FinSA), General Information

• The FinSA entered into force on January 1, 2020. Dreyfus Sons & Co Ltd, Banquiers (hereinafter "Dreyfus Banquiers") has implemented it step by step within the statutory transition period until December 31, 2021.
  
• Dreyfus Banquiers is a bank domiciled in Switzerland and is supervised by the Swiss Financial Market Supervisory Authority FINMA.

  Contact details Dreyfus Banquiers		Contact details FINMA
  Dreyfus Sons & Co Ltd, Banquiers		Swiss Financial Market Supervisory Authority FINMA
  Aeschenvorstadt 16		Laupenstrasse 27
  PO Box		CH-3003 Bern
  CH-4002 Basel		Tel: +41 61 327 91 00
  Tel: +41 61 286 66 66

• Dreyfus Banquiers is affiliated with the Swiss Banking Ombudsman. The Swiss Banking Ombudsman deals with specific client complaints against banks domiciled in Switzerland. It is neutral and treats enquiries confidentially and free of charge. The Ombudsman generally only takes action after a client has submitted his complaint in writing to the bank and the bank has had the opportunity to comment.
  Contact details
  Swiss Banking Ombudsman
  Bahnhofplatz 9
  PO Box
  CH-8021 Zurich
  Tel: +41 43 266 14 14
• SwissBanking's brochure "Risks Involved in Trading Financial Instruments" contains information on typical financial services as well as on the characteristics and risks of financial instruments. The brochure is also available on request.
• Key Information Documents in connection with financial futures transactions (opening transactions for options and futures) are available under the following links of the respective derivatives exchange:
  EUREX
  EURONEXT
  Option Clearing Corporation (OCC)
• Dreyfus Banquiers' Best Execution Policy contains the principles for achieving the best possible execution of client orders. It applies to the execution of client orders within the framework of investment management, investment advisory and execution only relationships.
  

Best Execution Policy

1. Purpose and legal basis
The Best Execution Policy of Dreyfus Banquiers contains the principles for achieving the best possible execution of client orders. It is based in particular on the Swiss Financial Services Act (FIDLEG). The Best Execution Policy is published at www.dreyfusbank.ch under "Regulatory Environment".
2. Scope of application
The Best Execution Policy applies to the execution of client orders within the framework of asset management, investment advisory and execution-only relationships. It applies insofar as financial instruments pursuant to Art. 3 lit. a FIDLEG are acquired or sold (see section 3).
Fixed-price transactions, counterparty transactions and transactions on the primary market are not to be understood as client orders within the meaning of this best execution policy.
Fixed-price transactions occur when the client concludes transactions with Dreyfus Banquiers at a specific price. In this case, an appropriate result is achieved by offering the client prices in line with the market.
Counterparty transactions occur when Dreyfus Banquiers participates in the transaction as a counterparty to the client and therefore does not take the client's interests into account (e.g. derivative contracts agreed bilaterally with the client).
The best execution policy does not apply to institutional clients pursuant to Art. 4 Para. 3 lit. a to d FIDLEG or in the case of client instructions (see section 4).
3. Financial instruments
Financial instruments within the meaning of this Best Execution Policy are:
- Listed shares and exchange-traded funds (ETF)
- Interest-bearing securities
- Listed derivatives
- Unlisted shares
- Structured products
- OTC derivatives
- Foreign exchange
- Precious metals
4. Priority of client instructions
Deviating instructions from the client take precedence over the principles of this Best Execution Policy. This means that Dreyfus Banquiers is exempt from compliance with the Execution Policy to the extent of the relevant instruction and that there are no obligations to achieve the best possible result.
5. Criteria for the choice of execution venue in general
When executing orders, Dreyfus Banquiers takes particular account of the following factors:
- Price (best possible market price)
- cost
- probability of execution
- speed
As a rule, the two factors price and costs will be weighted higher than the other execution factors. However, Dreyfus Banquiers may decide to give higher priority to other execution factors in individual cases for objective reasons (e.g. in exceptional market situations).
In addition, orders are generally executed without delay and in the order in which they are received (time component) and in the number of financial instruments placed by the client (quantitative component). This may also be deviated from in justified individual cases (e.g. when bundling orders).
In particular, stock exchanges, multilateral trading systems, organised trading systems, systematic internalisers, liquidity pools, interbank platforms, brokers or Dreyfus Banquiers in the case of self-entry can be considered as execution venues (see also the appendix "Execution venues").
6. Brokers in particular
In particular, in the absence of access to an execution venue, such as in the absence of stock exchange membership, Dreyfus Banquiers may transmit an order to a broker for execution. Dreyfus Banquiers checks its brokers before working with them and on an ongoing basis during the existing relationship. In particular, Dreyfus Banquiers ensures that they have taken appropriate precautions to achieve best execution of client orders. The individual transactions processed via a broker are then the responsibility of the broker in accordance with the measures taken by the broker to achieve best execution.
7. Consolidation of orders
Dreyfus Banquiers may combine orders from individual clients. However, this is only permissible if the following conditions are met:
- the combination appears to have a positive effect for the individual client due to the characteristics of the client orders;
- the aggregation is unlikely to have a detrimental effect on the clients.
Where Dreyfus Banquiers aggregates orders for its own account (nostro) with orders from clients, clients will receive preferential treatment over Dreyfus Banquiers for partial executions.

8. Significant difficulties in the execution of client orders
If, exceptionally, significant difficulties arise which could affect the correct execution of a private client's order, Dreyfus Banquiers will inform the client as soon as possible.
9. Final provisions
Dreyfus Banquiers reviews the effectiveness of its Best Execution Policy once a year.
Dreyfus Banquiers may amend this Best Execution Policy at any time and will publish the latest version on www.dreyfusbank.ch (under "Regulatory Environment").

Guidelines for financial service providers of June 16, 2022 on the integration of ESG prefer-ences and ESG risks into investment advice and portfolio management

• Dreyfus Banquiers uses an assessment model from a recognised provider as part of its ESG investment management and ESG advisory mandates in order to systematically implement the environmental, social and governance (ESG) sustainability criteria.
• This model evaluates the ESG opportunities and risks of the investments made and compares them within the relevant economic sector.
• The ESG mandates of Dreyfus Banquiers aim for a leading ESG assessment at portfolio level, whereby sustainability criteria are not placed above the agreed investment strategy.
• Professional clients as defined in the Swiss Federal Act on Financial Services (FinSA) release Dreyfus Banquiers from its information, documentation and accountability obligations under the above guidelines. These do not apply to institutional clients.
• Information on ESG risks can also be found in the SwissBanking brochure "Risks involved in trading with financial instruments".

Guidelines for mortgage providers on the promotion of energy efficiency of January 1, 2023

Addressing the foreseeable need for renovation on an information sheet for real estate financing. The objective is to motivate owners to address the issue of energy efficiency for their property and thus support the long-term protection of the capital invested.

EU disclosure rules on cross-border tax arrangements - DAC6

• The "Council Directive (EU) 2018/822 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements" (DAC6) is in force since 1st July 2020.
• DAC6 envisages reporting obligations for cross-border tax arrangements of EU taxpayers or intermediaries to EU tax authorities, allowing the authorities to act as promptly as possible against any undesirable tax planning models.
• Possible DAC6 relevant circumstances must be reported by the client, as Dreyfus Banquiers itself is not an EU-related intermediary within the meaning of the Directive and therefore does not carry out such reporting and does not provide any advice or services in this area.

Link to the Directive

Privacy Statement

With this privacy statement, Dreyfus Banquiers fulfils its obligations to provide information regarding the collection and processing of personal data. Any further data protection provisions in contracts or the General business conditions of Dreyfus Banquiers must also be observed.
1. Contact details for data protection concerns

2. Data sources and data types
Dreyfus Banquiers primarily processes personal data that clients make available in the context of their business relationship. Insofar as necessary, data from third-party sources (e.g. land registers, commercial register, internet, cooperation partners) may also be consulted or data from prospects, visitors and other business partners may be processed.
Relevant personal data is in particular personal details (e.g. name, addresses and other contact details, date and place of birth, nationality, etc.), legitimation data (e.g. identification data, specimen signatures), transaction data, in some cases third-party data (e.g. concerning life partners, beneficial owners, holders of a power of attorney) or other comparable data.
Dreyfus Banquiers uses cookies on its website. These are files which are stored on your device to track your visit to the website. However, these are not personal cookies, but merely technical cookies to support user-friendliness. You can configure your browser so that no cookies are stored on your device or you can delete them.
3. Purpose of data processing
Data processing is carried out for the purpose of providing banking and financial services to clients as well as within the framework of other contractual (e.g. towards other business partners) and pre-contractual measures (e.g. towards prospects).
Furthermore, data is processed for the fulfilment of legal or regulatory information, disclosure or notification obligations (e.g. towards courts, authorities or in connection with the automatic exchange of information) as well as for the protection of other legitimate interests (e.g. towards debt collection registers, for the assertion of legal claims and for the defence in the event of legal disputes, in case of voice recordings, for the preservation of property rights, for the protection of assets, persons and property, for the prevention and punishment of criminal offences, etc.).
4. Data users
Within Dreyfus Banquiers, only those departments that require the corresponding data to fulfil their tasks are granted access ("need to know"). If third parties, such as service providers, are involved, this is done in accordance with banking and data protection regulations, as they are also obliged to comply with banking secrecy and data protection requirements.
Otherwise, information may only be made available to third parties if there is an appropriate basis for this (e.g. law, ordinance, consent, etc.). Under these conditions, the recipients may be authorities (law enforcement agencies, FINMA, etc.), correspondent banks, custodian banks, brokers, stock exchanges, registers or other bodies.
5. Data transfer abroad
Data may be transferred to countries outside of Switzerland in particular if this is necessary for the execution of orders (e.g. for payment or securities orders) or required by law (e.g. for tax reporting obligations) as well as if the appropriate consent has been obtained.
6. Duration of data storage
The duration of the storage of personal data is determined by the purpose of the respective data processing or by statutory retention obligations, respectively. Dreyfus Banquiers therefore retains personal data generally for the duration of the business relationship and then for a further ten years. In some cases, a longer retention period is possible, e.g. in connection with ongoing or anticipated legal claims.
7. Data protection rights
Every person concerned has a right to information, rectification, deletion, restriction of processing and objection. In addition, there is, in principle, a right of appeal to the competent data protection authority as well as a right of revocation with regard to a granted consent to data processing (the latter only for the future).
8. Obligation to provide data
Within the context of the business relationship, personal data which is necessary for the establishment and maintenance of a business relationship or which Dreyfus Banquiers is legally obliged to collect (e.g. identification data in connection with the identification on the basis of money laundering regulations) must be made available. In principle, a business relationship may not be entered into or continued without the relevant data.

Link to the federal act on data protection