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

(Arts. 87 and 91 CISA)

¹Un­less the CISA and this Or­din­ance provide oth­er­wise, the pro­vi­sions set out in the Code of Ob­lig­a­tions¹ (CO) in ac­cord­ance with Art­icle 87 CISA ap­ply in re­spect of ac­count­ing.

²Ac­count­ing must com­ply with the stat­utory re­quire­ments for the an­nu­al and semi-an­nu­al re­ports (Art. 89 et seq. CISA) and be con­duc­ted in such a way that the ac­counts provide a true and fair view of the fin­an­cial situ­ation and in­come.

³Trans­ac­tions, in­clud­ing off-bal­ance-sheet trans­ac­tions, must be re­cog­nised im­me­di­ately after con­clu­sion of the con­tract. Con­cluded trans­ac­tions that have not yet been ex­ecuted must be ac­coun­ted for by us­ing the clos­ing date prin­ciple.

⁴The ac­count­ing must take ac­count of the tax law re­quire­ments.