951.311CISOFederal Council OrdinanceJan 1, 2007Original source
In respect of a self-managed SICAV and an externally managed SICAV that delegates administration to an authorised fund management company and portfolio management to another manager of collective assets, company shareholders must provide a minimum investment amount of 500,000 Swiss francs at the time of formation.
Where the externally managed SICAV delegates administration and portfolio management to the same authorised fund management company, company share- holders must provide a minimum investment amount of 250,000 Swiss francs at the time of formation.
The minimum investment amount must be maintained at all times.
A SICAV shall notify FINMA of any shortfall immediately.
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