Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

(Art. 32 Fin­IA)

¹The in­de­pend­ent man­age­ment of in­vest­ment funds in its own name and for the ac­count of in­vestors by the fund man­age­ment com­pany com­prises in par­tic­u­lar:

a.

de­cisions on the is­sue of units, on in­vest­ments and on their valu­ation;

b.

cal­cu­la­tion of the net as­set value;

c.

de­term­in­a­tion of the is­sue and re­demp­tion prices as well as dis­tri­bu­tions of profit;

d.

as­ser­tion of all rights per­tain­ing to the in­vest­ment fund.

²In­sti­tu­tions which en­gage solely in ad­min­is­tra­tion activ­it­ies for ex­tern­ally man­aged SICAVs pur­su­ant to CISA²⁰ man­age in­vest­ment funds in­de­pend­ently and as fund man­age­ment com­pan­ies re­quire au­thor­isa­tion in ac­cord­ance with Art­icle 5 para­graph 1 in con­junc­tion with Art­icle 32 Fin­IA.