Art. 47

(Art. 9, 28 and 29 FinIA)

1. Managers of collective assets are subject to the accounting regulations of the CO¹. Where managers of collective assets are subject to specific, more stringent accounting standards, such regulations take precedence.
2. The manager of collective assets shall submit to FINMA the annual report, the summary audit company report to the general meeting or members’ general meeting and the full audit company report for the body responsible for governance, supervision and control within six months days of the end of the financial year. The manager of collective assets shall append to the annual report a list of the prescribed and available capital as at the balance sheet date.²
3. The duty to prepare a full audit company report does not apply to managers of collective assets that are granted an exemption in accordance with Article 37 paragraphs 4 and 5 from the duty to appoint a special body responsible for governance, supervision and control.³