Collective Investment Schemes Act (CISA)
The Limited Qualified Investor Fund (L-QIF) is an innovative fund product designed to enhance the attractiveness and innovative capacity of Switzerland as a fund centre.
The L-QIF is neither subject to approval nor approval by the Swiss Financial Market Supervisory Authority (FINMA) nor is it supervised by the latter. However, it is only open to qualified investors and must be managed by an institution approved and supervised by FINMA - usually a fund management company (administration and portfolio management).
The Federal Assembly passed the bill in the final votes on 17 December 2021. Following the consultation procedure on the implementing provisions, the revised CISA and its implementing provisions entered into force on 1 March 2024.
Media
Federal Council puts legal basis for new L QIF fund category into force
31.01.2024
Federal Council adopts dispatch on amending Collective Investment Schemes Act
19.08.2020