Federal Act on Collective Investment Schemes

¹Oth­er funds for al­tern­at­ive in­vest­ments in­clude open-ended col­lect­ive in­vest­ment schemes whose in­vest­ments, struc­ture, in­vest­ment tech­niques (short-selling, bor­row­ing of funds, etc.) and in­vest­ment re­stric­tions ex­hib­it a risk pro­file that is typ­ic­al for al­tern­at­ive in­vest­ments.

²Lever­age is per­mit­ted only up to a cer­tain per­cent­age of the fund's net as­sets. The Fed­er­al Coun­cil de­term­ines the per­cent­age rate. FINMA reg­u­lates the de­tails.

³Ref­er­ence must be made in the fund name, as well as in the pro­spect­us and mar­ket­ing ma­ter­i­al, to the spe­cial risks in­volved in al­tern­at­ive in­vest­ments.

⁴The pro­spect­us must be offered free of charge to in­ter­ested per­sons pri­or to an agree­ment be­ing con­cluded or pri­or to sub­scrip­tion.

⁵FINMA may al­low the trans­ac­tion-re­lated set­tle­ment ser­vices of a dir­ectly in­vest­ing oth­er fund for al­tern­at­ive in­vest­ments to be provided by a reg­u­lated in­sti­tu­tion spe­cial­iz­ing in such trans­ac­tions (prime broker). It may spe­cify which mon­it­or­ing func­tions must be un­der­taken by the fund man­age­ment com­pany and the SICAV.