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

of 23 June 2006 (Status as of 1 January 2023)

Art. 66 Issue and redemption of units

1 The fund man­age­ment com­pany and the SICAV must of­fer new units first to ex­ist­ing in­vestors.

2 The in­vestors may re­quest the re­demp­tion of their units at the end of a fin­an­cial year provided they give twelve months' pri­or no­tice.