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Art. 9

951.31CISAFederal ActJan 1, 2007Original source
  1. Closed-ended collective investment schemes may be in the form of a limited partnership for collective investment (LPCI, Art. 98–109) or an investment company with fixed capital (SICAF, Art. 110–118)1.
  2. In the case of closed-ended collective investment schemes, investors have neither a direct nor an indirect legal entitlement at the expense of the collective assets to the redemption of their units at the net asset value.
  3. LPCIs2are based on a company agreement.
  4. SICAFs are based on articles of association and issue a set of investment regulations.

Footnotes

  1. Amended by No I of the FA of 17 Dec. 2021, in force since 1 March 2024 (AS 2024 53;BBl 2020 6885). ↩

  2. New expr. by No I para. 1 of the FA of 17 Dec. 2021, in force since 1 March 2024 (AS 2024 53;BBl 2020 6885). This change has been made in the AS provisions specified. ↩

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