Federal Act
on Collective Investment Schemes
(Collective Investment Schemes Act, CISA)

¹ The fol­low­ing per­sons must ap­point an audit com­pany li­censed by Fed­er­al Audit Over­sight Au­thor­ity un­der Art­icle 9a para­graph 1 of the Aud­it­or Over­sight Act of 16 Decem­ber 2005¹⁴⁷ to carry out an audit un­der Art­icle 24 of the FIN­MASA¹⁴⁸:¹⁴⁹

a.¹⁵⁰.

fund man­age­ment com­pan­ies for the in­vest­ment funds they man­age;

b.

SICAVs;

c.

lim­ited part­ner­ships for col­lect­ive in­vest­ment;

d.

SI­CAFs;

e.¹⁵¹

...

f.

rep­res­ent­at­ives of for­eign col­lect­ive in­vest­ment schemes.

² ...¹⁵²

³ The same audit com­pany must audit the SICAV and any fund man­age­ment com­pany that it ap­points pur­su­ant to Art­icle 51 Para­graph 5. FINMA may grant ex­emp­tions.¹⁵³

⁴ ...¹⁵⁴

⁵ The per­sons named in para­graph 1, man­aged in­vest­ment funds and any real es­tate com­pan­ies be­long­ing to real es­tate funds or real es­tate in­vest­ment com­pan­ies must have their an­nu­al ac­counts and if ap­plic­able their con­sol­id­ated ac­counts audited by a state su­per­vised audit firm in ac­cord­ance with the prin­ciples of the Code of Ob­lig­a­tions¹⁵⁵ on the or­din­ary audit.¹⁵⁶

⁶ The Fed­er­al Coun­cil shall reg­u­late the de­tails. It may au­thor­ise FINMA to is­sue im­ple­ment­ing pro­vi­sions on mat­ters of lim­ited scope, and in par­tic­u­lar on largely tech­nic­al mat­ters.¹⁵⁷