951.311CISOFederal Council OrdinanceJan 1, 2007Original source
investment fund or the subfund of an umbrella fund must be issued for subscription (launch) within one year of approval by FINMA.
The investment fund or subfund of an umbrella fund must have net assets of at least 5 million Swiss francs at the latest one year following its launch.
FINMA may extend the time limits for a corresponding application.
Following expiry of the time period as defined in paragraphs 2 and 3, the fund management company shall notify FINMA of any shortfall forthwith.
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