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

¹ In the event of in­fringe­ments of the con­trac­tu­al or reg­u­lat­ory pro­vi­sions or of the pro­vi­sions of the art­icles of as­so­ci­ation, the su­per­vis­ory in­stru­ments pur­su­ant to Art­icles 30–35 and 37 of the FIN­MASA¹⁶³ ap­ply mu­tatis mutandis.¹⁶⁴

² Art­icle 37 of FIN­MASA also ap­plies mu­tatis mutandis to ap­prov­al un­der the present Act.

³ If the in­vestors' rights ap­pear to be en­dangered, FINMA may or­der the li­censees to provide the ne­ces­sary col­lat­er­al.

⁴ If an en­force­able or­der is­sued by FINMA is not com­plied with after pri­or warn­ing with­in the dead­line that has been set, FINMA may it­self carry out the re­quired ac­tions at the ex­pense of the neg­li­gent party.