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Are there any exceptions to the ban?

The ban allows three exceptions.  

  1. It is permitted to execute transactions based on an index, but only if less than 5% represent individual companies that are subject to the investment ban.  
  2. The ban does not apply either to transactions in a collective investment scheme, if less than 5% of the scheme’s investments are in individual companies that are subject to the investment ban.  
  3. In addition, investments can be made in precisely circumscribed projects of a company that is subject to ban, insofar as the finance is not used for the manufacture, sale or distribution of cluster munitions.


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