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

(Arts. 11 and 73 para. 1 CISA)

¹The cus­todi­an bank shall re­cord the is­sue and re­demp­tion of units, in­clud­ing frac­tions there­of, on a con­tinu­ous basis. It shall re­cord the fol­low­ing de­tails:

a.

the date of is­sue or re­demp­tion;

b.

the num­ber of units is­sued or re­deemed;

c.

the gross amount paid by the in­vestor or net pay­ment made to the in­vestor;

d.

the fees and in­cid­ent­al costs in re­la­tion to the is­sue or re­demp­tion;

e.

the amount cred­ited or deb­ited to the col­lect­ive in­vest­ment scheme;

f.

the net as­set value of the unit.

²In the case of re­gistered units, the iden­tity of the in­vestor must also be re­cor­ded.

³The cus­todi­an bank shall re­cord the is­sue and re­demp­tion of unit cer­ti­fic­ates sep­ar­ately.