In Switzerland, the management of foreign collective investment schemes and managed accounts in accordance with and within the limits established by the provisions of the Collective Investment Schemes Act; the Company complies with the Swiss law rules governing activities subject to the Financial Institutions Act ("LEFin") and the Financial Services Act ("LSFin"); the Company does not accept any deposits, either in Switzerland or abroad, and does not hold any securities in its own name for the account of third parties; it may acquire and manage participations in any other company and carry out, either on its own account or on behalf of third parties, all commercial and financial transactions, directly or indirectly related to its purpose.