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Ordinance of the Swiss Financial Market Supervisory Authority on Collective Investment Schemes

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.

Art. 24 Principles

De­riv­at­ives may be used only where, even in ex­cep­tion­al mar­ket con­di­tions, the ef­fect of us­ing de­riv­at­ives does not res­ult in a de­vi­ation from the in­vest­ment ob­ject­ives set out in the fund reg­u­la­tions, pro­spect­us and im­port­ant in­form­a­tion for in­vestors, or in a change in the in­vest­ment char­ac­ter of the se­cur­it­ies fund.