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

¹ Se­cur­it­ies funds may in­vest in trans­fer­able se­cur­it­ies is­sued on a large scale and in non-se­cur­it­ised rights hav­ing the same func­tion (un­cer­ti­fied se­cur­it­ies) and which are traded on a stock ex­change or an­oth­er reg­u­lated mar­ket that is open to the pub­lic, in ad­di­tion to oth­er li­quid fin­an­cial as­sets.

² The fund man­age­ment com­pany may also hold a lim­ited volume of oth­er se­cur­it­ies and rights, as well as ad­equate li­quid­ity.