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“Qualified Investors”under the new Federal Collective

October 2007 - Finance. Legal Developments by Walder Wyss Ltd.

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The Federal Collective Investment Schemes Act of 23 June 2006 (the“CISA”)entered into force at the beginning of 2007. This law brought many changesto the landscape of investment fund regulation, including the introductionof a category of investors defined as“qualified investors”to whom interestsin foreign collective capital investments which are not subject to regulationin Switzerland may be offered.

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