Art. 112

(Art. 92–94 CISA)

1. The fund management company and the SICAV shall prepare a single set of fund regulations for a collective investment scheme. Such regulations shall include the designation of the scheme and the additional designations of the individual sub- funds.
2. Where the fund management company or the SICAV has the right to create additional subfunds, or dissolve or merge existing subfunds, specific reference must be made thereto in the fund regulations.
3. The fund management company and the SICAV shall also set out in the fund regulations that:
   1. fees may be debited only to that subfund for which a specific service is rendered;
   2. costs which cannot be clearly assigned to a particular subfund are charged to the individual subfunds in proportion to their assets;
   3. investors are only entitled to the assets and income of the particular subfund in which they are invested or whose shares they hold;
   4. only the subfund concerned is liable for the liabilities of that individual subfund.
4. The fees charged when investors convert from one subfund to another are cited explicitly in the fund regulations.
5. In relation to the merging of subfunds, Article 115 applies accordingly.