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

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


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Art. 81 Deferred repayment

1 The Fed­er­al Coun­cil de­term­ines in which in­stances the fund reg­u­la­tions may spe­cify a lim­ited de­fer­ment of the re­pay­ment of the units in the in­terest of all in­vestors.

2 FINMA may in ex­cep­tion­al in­stances grant lim­ited de­fer­ment for the re­pay­ment of the units in the in­terest of all in­vestors.

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