# VSB 20 Art. 26 — Condominium owner and common ownership collectives - **Rubric (DE):** Stockwerkeigentümergemeinschaften und Miteigentümergemeinschaften - **Rubric (EN):** Condominium owner and common ownership collectives - **Chapter:** 3. Kapitel — Feststellung des wirtschaftlich Berechtigten an operativ tätigen juristischen Personen und Personengesellschaften (2. Abschnitt: Ausnahmen von der Feststellungspflicht) - **Scope:** Banks & securities firms (incorporated via [[GwV-FINMA Art. 35 - Identification, controlling person and beneficial|GwV-FINMA Art. 35]]) - **Status:** In force (since 1 January 2020) ## Description For condominium ownership communities (*Stockwerkeigentümergemeinschaften*), co-ownership communities entered in the land register (*im Grundbuch eingetragene Miteigentümergemeinschaften*) and other communities with a similar purpose, the controlling persons (*Kontrollinhaber*) do not have to be established. ## Context & interpretation The SBA commentary gives, as examples of other communities with a similar purpose, company forms from the agricultural sector, such as forest, field, livestock-owner, fountain and land-improvement corporations (*Wald-, Flur-, Viehbesitzer-, Brunnen-, Meliorationskorporationen*). ## FATF - [[FATF R.10 - Customer due diligence|FATF R.10]] — related: this article limits the controlling-person declaration used to identify the beneficial owner of legal-person customers. ## Swiss counterparts - [[VSB 20 Art. 20 - Establishing the controlling persons|VSB 20 Art. 20]] — the declaration duty to which this exemption applies (Art. 20 Abs. 6 reserves Art. 22–26). ## Related VSB articles - [[VSB 20 Art. 35 - Condominium and co-ownership communities|VSB 20 Art. 35]] — parallel exemption from the beneficial-owner declaration (Chapter 4) ## Part of - [[VSB 20]] ## Sources - VSB 20 (Vereinbarung vom 13. Juni 2018, in force 1.1.2020), Art. 26 - SBVg Kommentar zur VSB 20 (2020), Art. 26