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

¹ In the case of an L-QIF in the leg­al form of a con­trac­tu­al fund, the fund man­age­ment com­pany shall draw up the fund con­tract and ob­tain the con­sent of the cus­todi­an bank.

² If the fund man­age­ment com­pany in­tends to amend the fund con­tract, it shall ob­tain the con­sent of the cus­todi­an bank in ad­vance and pub­lish the fol­low­ing in the L-QIF's me­dia of pub­lic­a­tion:

a.

a sum­mary of the sig­ni­fic­ant amend­ments;

b.

a ref­er­ence to the loc­a­tions where the full word­ing of the con­trac­tu­al amend­ments may be ob­tained free of charge; and

c.

an in­dic­a­tion of when the amend­ments will come in­to force.

³ Pub­lic­a­tion in ac­cord­ance with para­graph 2 may be dis­pensed with if all in­vestors are in­formed in writ­ing or in an­oth­er form veri­fi­able by text of the word­ing of the amend­ments and the date on which the amend­ment enters in­to force.

⁴ The amend­ments to the fund con­tract shall come in­to force at the earli­est:

a.

in the case of a con­trac­tu­al in­vest­ment fund with a re­demp­tion op­tion at any time: 30 days after pub­lic­a­tion pur­su­ant to para­graph 2 or pro­vi­sion of in­form­a­tion pur­su­ant to para­graph 3;

b.

in the case of a con­trac­tu­al fund without the pos­sib­il­ity of re­demp­tion at any time: on the day after the day on which the units may be sur­rendered in com­pli­ance with the con­trac­tu­al or reg­u­lat­ory re­demp­tion peri­ods and dead­lines if the fund con­tract were ter­min­ated on the 30th day after pub­lic­a­tion pur­su­ant to para­graph 2 or the pro­vi­sion of in­form­a­tion pur­su­ant to para­graph 3.

⁵ If the con­trac­tu­al or reg­u­lat­ory no­tice peri­od lasts longer than 30 days, the changes may come in­to force earli­er than in ac­cord­ance with para­graph 4 if all in­vestors agree in writ­ing or in an­oth­er form veri­fi­able by text, but no earli­er than 30 days after pub­lic­a­tion in ac­cord­ance with para­graph 2 or the pro­vi­sion of in­form­a­tion in ac­cord­ance with para­graph 3.