Federal Act on Collective Investment Schemes

¹The art­icles of as­so­ci­ation must con­tain pro­vi­sions con­cern­ing:

a.

the com­pany name and its re­gistered of­fice;

b.

the ob­jects;

c.

the min­im­um in­vest­ment amount;

d.

the con­ven­ing of gen­er­al meet­ings;

e.

the ex­ec­ut­ive and gov­ern­ing bod­ies;

f.

the me­dia of pub­lic­a­tion.

²To be ef­fect­ive, the art­icles of as­so­ci­ation must in­clude pro­vi­sions on the fol­low­ing:

a.

the term;

b.

the re­stric­tion of share­hold­er eli­gib­il­ity to qual­i­fied in­vestors and as­so­ci­ated lim­it­a­tion of the trans­fer­ab­il­ity of shares (Art. 40, Para. 3);

c.

the cat­egor­ies of shares and rights as­so­ci­ated there­with;

d.

the del­eg­a­tion of man­age­ment and rep­res­ent­a­tion, and the at­tend­ant pro­ced­ur­al de­tails (Art. 51);

e.

the passing of res­ol­u­tions by means of cor­res­pond­ence.