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

(Arts. 26 para. 1, 108 CISA; Art. 35a para. 1 let. o CISO¹)

¹A for­eign cur­rency may be des­ig­nated as the unit of ac­count for:

a.

an in­vest­ment fund or its sub-funds in the fund reg­u­la­tions;

b.

the sub-funds of a SICAV in the in­vest­ment reg­u­la­tions;

c.

a lim­ited part­ner­ship for col­lect­ive in­vest­ment in the part­ner­ship agree­ment.

²In its in­vest­ment reg­u­la­tions, a SICAV must also spe­cify the cur­rency which will serve as the unit of ac­count for the over­all ac­counts (Art. 98), as well as the con­ver­sion pro­cess.

³If a for­eign cur­rency is used in ac­count­ing, the val­ues must not also be giv­en in the loc­al cur­rency.