Ordinance
on Collective Investment Schemes
(Collective Investment Schemes Ordinance, CISO)


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Art. 81 Overall limits

(Art. 57 CISA)

1 In­vest­ments, de­pos­its and claims in ac­cord­ance with Art­icles 78–80 from the same is­suer may not ex­ceed 20 per cent of the fund's over­all as­sets.

2 In­vest­ments and money mar­ket in­stru­ments in ac­cord­ance with Art­icle 78 from the same group of com­pan­ies may not ex­ceed 20 per cent of the fund's over­all as­sets.

3 The lim­its defined in Art­icles 78–80 and 83 para­graph 1 may not be ac­cu­mu­lated.

4 In the case of um­brella funds, these lim­its ap­ply to each in­di­vidu­al sub­fund.

5 Com­pan­ies which form a group in ac­cord­ance with in­ter­na­tion­al ac­count­ing reg­u­la­tions are deemed to be a single is­suer.

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