Art. 50

(Art. 33 para. 1 FinIA)

The head office of the fund management company is deemed to be in Switzerland if the following conditions are met:

1. The non-transferable and inalienable duties of the board of directors in accordance with Article 716a CO¹are performed in Switzerland.
2. For each of the investment funds managed by the fund management company, in minimum the following tasks are performed in Switzerland:

1. decisions on the issue of units;

2. decisions on investment policy and on the valuation of investments;

3. valuation of investments;

4. determination of issue and redemption prices;

5. determination of distributions of profit;

6. determination of the content of the prospectus and the key information document, of the annual or the semi-annual report, as well as of further publications intended for investors;

7. keeping of accounts.