Yes, sorry I misread the sentence
Hi all, can someone summarize the situtation regarding VT available in IB? I am lost with all the answers 
Thanks a lot
At the moment no issues. This may change in a year.
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By the way, where did 2022 come from? https://www.mypersonalfinance.ch/future-accessibility-of-us-domiciled-etfs-for-swiss-investors/ mentions it but I donât think itâs correct.
The prospectus requirements are already in place since a few weeks, whatâs in 2022 are some of the KID requirements. But for e.g. IB prospectus related regulations should be as much of an issue as the KID ones (otherwise I donât know why UBS would have bothered implementing things a year early).
Just to confirm: the whole issue about loosing access to US based ETFs is valid for both European and US based brokers? I have read in two different places that if you use an US based broker no restrictions will apply.
I incidentally contacted Schwab over the weekend:
residents of Switzerland are still not eligible to purchase US ETFs or ETNs. Please check back in the future for any changes.
Not sure how the setup currently works, but at least a few years ago Swiss resident opened accounts through their U.K. entity, if I remember correctly.
Theyâve gotten the communication wrong before though.
My (afaik) UK account does not seem to be restricted (didnât place the trade, but I could go to the review your trade screen with no warnings).
In any case, maybe we should wait and see what and if anything happens 
Seems like at least for the banks/brokers who want to restrict things, the restriction is already done (e.g. UBS).
well as far as I understand the date is 2022, so for now itâs itâs normal that it is still working. But again I have to read again all this post and other online because I am still lost.
Some explanation why no US-domiciled ETFs are UCITS compliant:
PRIISP regulated securities are required to give a future return and risk estimate. The SEC strongly discourages funds to make prediction about the future return of the fund. This means US-domiciled etfs canât produce a KID because that would mean that they need to make a prediction about the future return of their products.
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If Swiss-based Yuh are offering VT and SPY as two of their (only!) five available ETFs, U.S.-domiciled can obviously offered to customers in Switzerland.
(Why?) would they offer the two with their very recent launch - if theyâll be gone in 2022?
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I asked them last week about W8-BEN and havenât received an answer yet, so Iâm not sure they know what they are doing.
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FWIW my (probably limited) understanding of the law is that theyâre definitely on the wrong side of it. It looks like theyâre actively promoting those ETFs and not being able to provide a KIID is a big no-no.
At least IB or swissquote can claim itâs a reverse solicitation (people know about VT and seeked it out with no marketing).
I asked Swissquote and they said they donât know any reason, why US-ETFs should be removed by 2022.
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what, doesnât Swissquote read this forum!? 
Do they? I mean, Iâm not see it on Yuh. Though you could argue them offering just 5 ETFs they almost âforceâ equity investors to buy it 
Do they really ââforcedââ them to buy it ? I mean, from what we know about Yuh is that this app seems to target young people or fintech fan who probably donât know a lot of things about investment and will probably use the app to have a free account and play with cryptocurrencies, or with some Apple, Amazon equity, just for âthe fun to have an Apple shareâ and the âfun to have 0.000002323234 Bitcoinâ.
Well, if you use the app to invest in broadly diversified equity, they almost do.
I mean, theyâre offering only 111 stocks and 5 ETFs and some (quite a few) trend, hype and meme investments (crypto, themes).
VT is literally their only World equity fund.
I agree with you in this point. The thing is that they do not really promote one of their stocks or ETFs or trand, hype, meme investment. At the end whatâs matter is the decision of the investor who chose by himself a product without asking an advice, so it is still an execution only trade.
In Switzerland, the frontier between Execution only, Advisory Management and Asset Management are really important and this why US-ETF will still be available because broker will never advice to invest in those products, they canât do it. Of course, if someone want to claim that Swissquote/Postfinance/Yuh are promothing US-ETF and want to shut down this âpromotionâ he or she can go to Finma or a court in order to stop all swiss broker to give an access to US-ETF 
And the court will interprete the law and what was the real mean of the law. Until then, I think we are safe for 3-5 more years (after 2022).
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Do you know why UBS decided that their retail product (âQuotesâ) was putting them outside of the execution only safe harbor?
The communication when they removed US ETFs made it clear they thought it couldnât be considered execution only.
Maybe UBS promote those US ETFs to some of their client in the past or maybe they just find an opportunity to promote their homemade ETF instead of US one which are more competitive? I find it strange that they removed US ETFs, do you have their communication about it? I will be interested to know their interpretation about it.