Federal Act on Collective Investment Schemes

¹The in­vestors may re­quest that the courts ap­point a rep­res­ent­at­ive if they wish to pur­sue a claim for dam­ages in fa­vour of the open-ended col­lect­ive in­vest­ment scheme.

²The court shall give no­tice of the ap­point­ment in the me­dia of pub­lic­a­tion of the open-ended col­lect­ive in­vest­ment scheme.

³The rep­res­ent­at­ive has the same rights as the in­vestors.

⁴If the rep­res­ent­at­ive files an ac­tion for dam­ages in fa­vour of the open-ended col­lect­ive in­vest­ment scheme, the in­vestors may no longer ex­er­cise their in­di­vidu­al right to file such an ac­tion.

⁵Un­less the court de­cides oth­er­wise, the ex­penses in­curred by the rep­res­ent­at­ive are paid by the in­vest­ment fund.