On January 31, 2024, the Federal Council has published
the final implementing provisions to the Collective Investment
Schemes Act ("CISA"). As a result, a new category of
funds, reserved for so-called qualified investors under CISA, will
be available to the Swiss asset management industry as of March 1,
2024.
1. INTRODUCTION
On January 31, 2024, the Federal Council has published the final
implementing provisions to the Collective Investment Schemes Act
("CISA"). As a result, a new category of
funds, reserved for so-called qualified investors under CISA, will
be available to the Swiss asset management industry as of March 1,
2024. As a reminder, the Limited Qualified Investor Fund
("L-QIF") is an innovative fund type
which is exempt from any authorisation, approval and product
supervision by the Swiss Financial Market Supervisory Authority
("FINMA"). It offers significant
flexibility in terms of investment policy and restrictions. The
ultimate goal is to increase
