Revision of the General Terms and Conditions and the standard fee schedule
The General Terms and Conditions have been completely revised and amended. The most obvi-ous amendment is that any separate safe custody regulations for crypto assets are repealed and are now included in the General Terms and Conditions, together with the Safe Custody Regulations.
The ever-changing regulatory environment as well as the further merging of the traditional financial world with blockchain-based assets made it necessary to update Bank Frick’s General Terms and Conditions and the standard fee schedule.
The General Terms and Conditions have been completely revised and amended. The most obvi-ous amendment is that any separate safe custody regulations for crypto assets are repealed and are now included in the General Terms and Conditions, together with the Safe Custody Regulations.
The standard fee schedule was supplemented and formulated in a more comprehensible way. If we have agreed a fee schedule with you that differs from the standard fee schedule, the for-mer will of course continue to apply to you.
The new General Terms and Conditions and standard fee schedule can be found on our web-site. These come into force on 1 January 2022. If you do not object in writing by 31 December 2021, you will be deemed to have approved the new General Terms and Conditions and standard fee schedule.
If you would like further information or have any questions, your client advisor will be happy to help. Thank you for your confidence in us.
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