This is the text I get: SWISSQUOTE
This is the line I am referring to: “YOU CONFIRM THAT YOU KNOW THAT THE FUNDS SHOWN ON THE PAGES ON NACH FUNDS ARE NOT AUTHORISED FOR DISTRIBUTION IN SWITZERLAND.
The information published on the pages on NACH funds is exclusively intended for qualified investors as defined by KAG. By accepting the present Terms and conditions, you certify that you are not domiciled nor do you have your head office in Switzerland, nor in a jurisdiction in which NACH funds are not authorised. For your information, it is specifically stated that the pages on NACH funds are not intended for “U.S. persons”. If you are a “U.S. person”, you are not authorised to consult the NACH funds pages.”.
I don’t know what this means, it says that the funds are not authorized for distribution in Switzerland, does this have to do with the fact that the exchange listed for buying them is NYSE then? I buy BRK.B on NYSE and never had this message. My problem is the part about “certifying that I am not domiciled in Switzerland”, because I am and the bank knows that!
I’ve also seen this thread: https://www.reddit.com/r/eupersonalfinance/comments/1b5qaaf/switzerland_nach_funds/
And this one here: NACH funds disclaimer meaning?
Neither offer a real explanation, in particular to what exactly I’d be acknowledging/claiming/agreeing to.
This thread says it is about allowing Swissquote to pass on my data to the fund providers, but I am not reading it this way at all: NACH Fonds Schweiz Vertrieb? - moneyland.ch
Looking at this line “These funds can only be distributed in Switzerland to qualified investors in accordance with the Swiss federal law on collective capital investments (hereinafter “KAG”). Under no circumstances does the information on funds not authorised in Switzerland shown on Swissquote’s website constitute an offer to non-qualified investors as defined by KAG whose domicile or head office is in Switzerland.
Qualified investors are […]” - not me!
I get that the bit about showing these funds on the PF/SQ app does not constitute an offer. Duh. It’s some sort of ass covering.
In short, this message has stopped me from buying a few things I’d like to because I take the most restrictive way to interpret what it appears to say I’d be agreeing to.