# VSB 20 Art. 70 — Transitional provisions - **Rubric (DE):** Übergangsbestimmungen - **Rubric (EN):** Transitional provisions - **Chapter:** 9. Kapitel — Schlussbestimmungen - **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 Abs. 1: for existing business relationships, the previous forms do not need to be replaced. Abs. 2: the provisions of this due diligence agreement (*Sorgfaltspflichtvereinbarung*) are to be applied when a business relationship is newly entered into after the entry into force of these rules of conduct, or when a repetition of due diligence takes place under [[VSB 20 Art. 46 - Repetition in case of doubt|Art. 46]]. Abs. 3: violations of earlier versions of the "Vereinbarung über die Standesregeln zur Sorgfaltspflicht der Banken" are assessed under the procedures and limitation provisions regulated in this agreement. ## Context & interpretation The SBA commentary on the VSB 20 has no section for this article. ## FATF - None directly. ## Swiss counterparts - None in this map. ## Part of - [[VSB 20]] ## Sources - VSB 20 (Vereinbarung vom 13. Juni 2018, in force 1.1.2020), Art. 70