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

Art.78a Liquidity 120

1 The fund man­age­ment com­pany or the SICAV shall en­sure that the li­quid­ity of the col­lect­ive in­vest­ment scheme is ap­pro­pri­ate to the in­vest­ments, the in­vest­ment policy, the risk di­ver­si­fic­a­tion, the in­vestor base and the re­demp­tion fre­quency.

2 The Fed­er­al Coun­cil may fur­ther spe­cify this duty.

120 In­ser­ted by No I of the FA of 17 Dec. 2021, in force since 1 March 2024 (AS 2024 53; BBl 2020 6885).

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