Federal Act on Collective Investment Schemes

¹The fund man­age­ment com­pany must be a com­pany lim­ited by shares with its re­gistered of­fice and main ad­min­is­trat­ive of­fice in Switzer­land.

²It must have a min­im­um cap­it­al. The Fed­er­al Coun­cil shall de­cide such amount.

³The share cap­it­al must be di­vided in­to re­gistered shares.

⁴The fund man­age­ment com­pany must have an or­gan­isa­tion­al struc­ture that is ap­pro­pri­ate to the tasks con­ferred on it. It sets out the du­ties and re­spons­ib­il­it­ies in the art­icles of as­so­ci­ation and in the or­gan­isa­tion­al reg­u­la­tions.

⁵The per­sons hold­ing ex­ec­ut­ive powers at the fund man­age­ment com­pany and cus­todi­an bank must be in­de­pend­ent of the oth­er party.