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

¹ In ac­cord­ance with the in­vest­ment pro­vi­sions (Art. 54 et seq., Art. 59 et seq. and Art. 69 et seq.), the Fed­er­al Coun­cil may in the case of col­lect­ive in­vest­ment schemes whose value is dif­fi­cult to as­cer­tain, or which have lim­ited mar­ket­ab­il­ity, spe­cify ex­emp­tions from the right to re­deem at any time.

² However, it may only sus­pend the right to re­deem at any time for a max­im­um peri­od of five years.