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Art. 23

951.31CISAFederal ActJan 1, 2007Original source
  1. The membership and creditors' rights associated with the investments must be exercised independently and exclusively in the interests of the investors.
  2. Article 685d paragraph 2 of the Code of Obligations1does not apply to investment funds.
  3. If a fund management company manages several investment funds, the level of the participation with respect to the percentage limit set out in Article 685d paragraph 1 of the Code of Obligations is calculated individually for each investment fund.
  4. Paragraph 3 also applies to each subfund of an open-ended collective investment scheme as defined in Article 92 et seq.

Footnotes

  1. SR 220 ↩

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