Labour market · 04/05/2026

UBS AG Asset Managers in Switzerland Exempt from Prohibited Transaction Exemption Rules

UBS AG asset managers in Zurich, Switzerland, are granted a temporary exemption from the Prohibited Transaction Exemption (PTE) 84-14, allowing them to continue relying on the exemption from May 5, 2026, to May 5, 2035, despite four convictions and one non-prosecution agreement involving affiliated entities of UBS.