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Article NO. Content


Directions for the Conduct of Wealth Management Business by Securities Firms  CH

Amended Date: 2020.09.10 (Articles 6 amended,English version coming soon)
Current English version amended on 2015.01.21 
27     When a securities firm conducting wealth management business by means of trusts executes asset allocation on behalf of customers under their mandate, the securities firm shall carry out tax withholding for the customer, who is the taxpayer, and issue a tax withholding statement for the fiscal year in which the income occurs in accordance with the Income Tax Act and its related regulations.
    When a securities firm utilizes trust assets to execute asset allocation for a customer, it may collect a fee from the customer, with the fee rate to be stipulated between the securities firm and the customer.
    The provisions of Point 26, paragraph 3 shall apply mutatis mutandis to the method of transfer when returning a customer's funds after the securities firm has withheld tax and deducted applicable fees in accordance with the preceding two paragraphs.