Ordinance on Collective Investment Schemes

(Art. 120 para. 2 let. d CISA)

¹A fund man­age­ment com­pany of a for­eign col­lect­ive in­vest­ment scheme or a for­eign fund man­age­ment com­pany that is ad­mit­ted for dis­tri­bu­tion in Switzer­land shall provide evid­ence that it has con­cluded a writ­ten rep­res­ent­at­ive agree­ment.

²A fund man­age­ment com­pany of a for­eign col­lect­ive in­vest­ment scheme or a fund man­age­ment com­pany that is ad­mit­ted for dis­tri­bu­tion in Switzer­land and the cus­todi­an bank shall provide evid­ence that they have con­cluded a writ­ten pay­ing agent agree­ment.

³In re­la­tion to the dis­tri­bu­tion of for­eign col­lect­ive in­vest­ment schemes in Switzer­land, the rep­res­ent­at­ive agree­ment spe­cific­ally reg­u­lates:

a.

the rights and du­ties of the for­eign col­lect­ive in­vest­ment scheme and the rep­res­ent­at­ive pur­su­ant to Art­icle 124 para­graph 2 of the Act, in par­tic­u­lar with re­gard to its duty to re­port, pub­lish and in­form, as well as the code of con­duct;

b.

the man­ner in which the col­lect­ive in­vest­ment schemes are dis­trib­uted in Switzer­land; and

c.

the duty of a for­eign col­lect­ive in­vest­ment scheme to re­port to the rep­res­ent­at­ive, spe­cific­ally with re­gard to changes to the pro­spect­us and the or­gan­isa­tion­al struc­ture of the for­eign col­lect­ive in­vest­ment scheme.

⁴FINMA shall pub­lish a list of coun­tries with which it has con­cluded an agree­ment on co­oper­a­tion and the ex­change of in­form­a­tion pur­su­ant to Art­icle 120 para­graph 2 let­ter e of the Act.