Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 06 MARCH 2024

L-QIF Goes Live On 1 March 2024

Advestra
Advestra
Contributor
Advestra

Advestra

Advestra was founded in 2020 by passionate lawyers on a shared vision: clients deserve...

View firm profile
Explore more from Advestra

On 31 January 2024, the Federal Council decided to enact on 1 March 2024 the amendments to the Collective Investment Schemes Act and the Ordinance on Collective Investment...

SwitzerlandFinance and Banking
Rashid Bahar
Rashid Bahar
Roland Truffer
Roland Truffer
Sandro Fehlmann
Sandro Fehlmann
Fabian Loretan
Fabian Loretan

On 31 January 2024, the Federal Council decided to enact on 1 March 2024 the amendments to the Collective Investment Schemes Act and the Ordinance on Collective Investment Schemes that create the basis for the new Limited Qualified Investor Fund (L-QIF). This new structure will allow licensed fund management companies and managers of collective investments to set up a fund for qualified investors without seeking the prior approval of FINMA. In addition to this important development in the regulatory landscape, the Federal Council also enacted new rules on ETFs, liquidity management and side-pockets.

1 INTRODUCTION

The Limited Qualified Investor Fund ("L-QIF") is a new regime for collective investment schemes, which allows a fund management company or a manager of collective investments to set up a collective investment scheme that is open only to qualified investors. It is inspired by the Reserved Alternative Investment Fund ("RAIF") under Luxembourg law1.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

FINMA Publishes A New Ordinance On The Liquidity Of Banks And Securities Firms

The Swiss Federal Supreme Court has issued a landmark ruling on shareholder approval requirements during composition moratorium proceedings, while the Federal Council has initiated consultation on a new Investment Screening Ordinance. These developments represent significant shifts in Swiss corporate restructuring procedures and foreign investment oversight mechanisms.
SwitzerlandInsolvency/Bankruptcy/Re-Structuring
Advestra
Advestra
Article

Swiss Parliament Modernizes Debt Enforcement System And Introduces Two New Debt Restructuring Proceedings For Individuals

The Swiss Parliament has enacted two major reforms to the Federal Debt Enforcement and Bankruptcy Act, ushering in a new era of digitalization and creating Switzerland's first dedicated debt restructuring mechanisms for private individuals. These changes introduce electronic debt enforcement registers, online auctions, and the possibility of residual debt discharge, fundamentally transforming Swiss insolvency law for creditors, debtors, and practitioners alike.
SwitzerlandInsolvency/Bankruptcy/Re-Structuring
Advestra
Advestra
Article

FINMA Consults On Revised Rules For Direct Transmission

Advestra's legal team, including Prof. Dr. Rashid Bahar, Dr. Sandro Fehlmann, Angelika Kremer, and Dr. Fabian Loretan, provides insights on critical regulatory developments affecting Swiss financial institutions. The firm examines disclosure requirements under the Federal Act on Data Protection (FADP) for internal investigation reports and analyzes proposed amendments to Banking Act regulations concerning systemically important banks.
SwitzerlandFinance and Banking
Advestra
Advestra
Article

Swiss Federal Supreme Court Rules That No Shareholder Approval Is Required For Asset Sales During A Composition Moratorium

Advestra's legal team, including Dr. Roger Bischof, Prof. Dr. Rashid Bahar, Andreas Hinsen, and Dr. Thomas U. Reutter, provides insights into recent Swiss regulatory developments. The firm examines the Federal Council's consultation on the Investment Screening Ordinance and FINMA's newly published guidance addressing risks associated with product usage in discretionary portfolio management.
SwitzerlandFinance and Banking
Advestra
Advestra
Article

Disclosure Of Internal Investigation Reports: Key Considerations Under The FADP

Switzerland's Federal Council has initiated a consultation process to amend the Banking Act and Liquidity Ordinance, focusing on reforms to the country's too big to fail regulatory framework. Concurrently, the Swiss Parliament has approved significant modernization of the debt enforcement system, introducing two new restructuring proceedings specifically designed for individuals facing financial distress.
SwitzerlandFinance and Banking
Advestra
Advestra
Article

Der Bundesrat eröffnet die Vernehmlassung zur Investitionsprüfungsverordnung

Switzerland's Federal Council has opened consultation on the Investment Screening Ordinance, which establishes the implementing provisions for the Swiss Federal Act on the Review of Foreign Investments adopted in December 2025. The ordinance details approval requirements, procedures, and exemptions for foreign state-controlled acquisitions of Swiss companies in critical sectors, while introducing anti-circumvention measures and a fee structure ranging from CHF 5,000 to CHF 60,000.
SwitzerlandAntitrust/Competition Law
Advestra
Advestra