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

¹ A SI­CAF defines the in­vest­ments, in­vest­ment policy, in­vest­ment re­stric­tions, risk di­ver­si­fic­a­tion, to­geth­er with the risks as­so­ci­ated with the in­vest­ments, in the art­icles of as­so­ci­ation and in the in­vest­ment reg­u­la­tions.

² The in­vest­ments are sub­ject to Art­icle 69; Art­icles 64, 70 and 71 ap­ply ac­cord­ing- ly.

³ Res­ol­u­tions to amend the in­vest­ment reg­u­la­tions must be passed by a ma­jor­ity of votes at the gen­er­al meet­ing.