The AI workspace for legal professionals

  • Legal research with access to more than 1 million sources
  • Document automation
  • Matter management
  • Hosted in the EU and Switzerland

Try it free for 14 days (10 questions/day during trial)

Try for freeBook a demo
Back to law

Art. 71

951.31CISAFederal ActJan 1, 2007Original source
  1. Other funds for alternative investments include open-ended collective investment schemes whose investments, structure, investment techniques (short-selling, borrowing of funds, etc.) and investment restrictions exhibit a risk profile that is typical for alternative investments.
  2. Leverage is permitted only up to a certain percentage of the fund's net assets. The Federal Council determines the percentage rate. FINMA regulates the details.
  3. Reference must be made in the fund name and in the prospectus and key information document in accordance with Title 3 of the FinSA1, as well as in advertising material, to the special risks involved in alternative investments.2
  4. .3
  5. FINMA may allow the transaction-related settlement services of another fund for alternative investments investing directly to be provided by a regulated institution specializing in such transactions (prime broker). It may specify which monitoring functions must be undertaken by the fund management company and the SICAV.

Footnotes

  1. SR 950.1 ↩

  2. Amended by Annex No 3 of the Financial Services Act of 15 June 2018, in force since 1 Jan. 2020 (AS 2019 4417;BBl 2015 8901). ↩

  3. Repealed by Annex No 3 of the Financial Services Act of 15 June 2018, with effect from 1 Jan. 2020 (AS 2019 4417;BBl 2015 8901). ↩

0 commentaries

No commentaries are available for this article yet.

Continue your research in ChatGPT or Claude

Connect Omnilex to search the legal corpus from your AI assistant.