Information on the Financial Services Act (FinSA)
The Swiss Financial Services Act (FinSA) classifies clients domiciled in Switzerland as retail clients, professional clients or institutional clients. This segmentation ensures additional regulatory protection and is based on the personal financial circumstances or the level of knowledge, experience and financial expertise of a person or the legally defined size of a company or professional treasury.
Natural persons and small and medium-sized companies are generally classified as retail clients. Large companies, pension funds and financial intermediaries are classified as professional or institutional clients. Unless we inform you otherwise, you will be classified as a retail client, which means that you enjoy the most comprehensive client protection.
If you meet the necessary requirements, you can apply to change your classification. To do so, simply contact your client advisor.
You can find more information on the various client classifications here:
The KID contains essential information to enable investors to make an informed investment decision and compare different financial instruments. This information does not constitute advertising. SGKB works together with established partners to offer you the KID and its language versions currently available on the market. The KID is not offered for equities, securities equivalent to equities and debt securities without a derivative character.
Before buying or subscribing to a financial instrument, you can access the KID free of charge in SGKB e-banking or on this website.
The KID contains important information and informs investors about the following topics:
- The name of the financial instrument and the identity of the issuer
- The type and characteristics of the financial instrument
- The risk/return profile of the financial instrument, indicating the maximum loss that investors may incur on the capital invested
- The costs of the financial instrument
- The minimum holding period and tradability of the financial instrument
- Information on the authorisations and approvals associated with the financial instrument
St.Galler Kantonalbank AG (SGKB) may receive compensation from third parties (so-called third-party payments) in connection with the provision of financial services.
The attached fact sheet informs you as a client about the third-party payments that SGKB may receive in connection with the provision of financial services.
You can find more information on third-party payments here:
As a financial services provider, SGKB ensures that, when executing your orders, the best possible result is achieved in terms of costs, timing and quality. We have summarised the execution principles for you in a comprehensive fact sheet:
Transactions with financial instruments involve opportunities and risks. It is therefore important that you as an investor know and understand these risks before entering into a financial services transaction.
In the brochure “Risks Involved in Trading Financial Instruments” published by the Swiss Bankers Association (June 2023), you will find general information on typical financial services as well as on the distinctive features and risks of financial instruments. Please familiarise yourself with this information before concluding a trade and contact your client advisor if you have any questions.
You can find the risk disclosure brochure here:
If required, you can obtain a printed copy of the brochure from any SGKB branch, free of charge.