Art. 1a

(Art. 2 para. 2 let. f CISA)

Irrespective of its legal status, an investment club must meet the following requirements:

1. The membership rights are set out in the relevant constitutive document for its chosen legal status.
2. The members or a section of the members take the investment decisions.
3. The members are informed about the status of the investments on a regular basis.
4. The number of members does not exceed twenty.