Federal Act on Collective Investment Schemes

¹The bank­ruptcy li­quid­at­or may ap­ply to FINMA for the fol­low­ing:

a.

to con­sti­tute a cred­it­ors' meet­ing and de­term­ine its powers as well as the ne­ces­sary at­tend­ance and vot­ing quor­ums ne­ces­sary to pass res­ol­u­tions;

b.

to des­ig­nate a cred­it­ors' com­mit­tee and de­term­ine its com­pos­i­tion and powers.

²In the case of a SICAV with sub­funds as defined in Art­icle 94, a cred­it­ors' meet­ing or cred­it­ors' com­mit­tee may be es­tab­lished for each sub­fund.

³FINMA is un­der no ob­lig­a­tion to fol­low the pro­pos­als of the bank­ruptcy li­quid­at­or.