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


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Art. 79 Exceptions from the right to redeem at any time

1 In ac­cord­ance with the in­vest­ment pro­vi­sions (Art. 54–57, 59–62,
69–71, 118nand 118o), 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.121

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

121 Amended 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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