Federal Act on Collective Investment Schemes

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.


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Art. 46 Membership rights

1Any per­son re­cog­nised as a share­hold­er by the SICAV may ex­er­cise mem­ber­ship rights.

2The share­hold­ers may rep­res­ent their shares at a gen­er­al meet­ing in per­son or be rep­res­en­ted by a third party. Un­less the art­icles of as­so­ci­ation provide oth­er­wise, the third party need not be a share­hold­er.

3A SICAV shall keep a re­gister of the shares, in which the names and ad­dresses of com­pany share­hold­ers are re­cor­ded. It shall also keep a re­gister un­der Art­icle 697l of the Code of Ob­lig­a­tions1 of the be­ne­fi­cial own­ers of the shares held by com­pany share­hold­ers.2

4The art­icles of as­so­ci­ation may spe­cify that the com­pany share­hold­ers and in­vestor share­hold­ers are both en­titled to at least one seat on the board of dir­ect­ors in the case of self-man­aged as well as ex­tern­ally man­aged SICAVs.3


1 SR220
2 Second sen­tence in­ser­ted by No I 6 of the Fed­er­al Act of 12 Dec. 2014 on the Im­ple­ment­a­tion of the re­vised re­com­mend­a­tions 2012 of the Fin­an­cial Ac­tion Task Force, in force since 1 Ju­ly 2015 (AS 2015 1389; BBl2014 605).
3 In­ser­ted by No I of the Fed­er­al Act of 28 Sept. 2012, in force since 1 March 2013 (AS 2013 585; BBl 2012 3639).

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