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Switzerland Introduces Limited Qualified Investor Funds

During its meeting on 31 January 2024, the Federal Council decided to put the revised Collective Investment Schemes Act (CISA) and the amended Collective Investment Schemes Ordinance (CISO) into force with effect from 1 March 2024. This creates the legal basis for Limited Qualified Investor Funds (L-QIFs). L QIFs help to increase the attractiveness and innovation capacity of the Swiss fund location.

2024-01-31 10:46:11
newsbot by content-proivder.ch GmbH
Quelle: Swiss Federal Council

The Federal Council has decided to enforce the revised Collective Investment Schemes Act (CISA) and amended Collective Investment Schemes Ordinance (CISO) as of March 1, 2024, during its meeting on January 31, 2024. This decision establishes the legal framework for Limited Qualified Investor Funds (L-QIFs), which aim to enhance the attractiveness and innovation of the Swiss fund location.

In December 2021, the Federal Assembly voted to amend the CISA and introduce the L-QIF category, which exempts this collective investment scheme from the licensing and approval requirements of the Swiss Financial Market Supervisory Authority. L-QIFs will only be available to qualified investors and must be managed by entities supervised by FINMA.

The CISA amendment outlines the implementation provisions for L-QIFs and also allows for revisions to various other points in the CISO and other ordinances to align with international standards, stay updated with market developments, and improve legal certainty. The State Secretariat for International Finance can be contacted for further information at +41 58 462 46 16 or info@sif.admin.ch..

(Quelle:Swiss Federal Council modified with ChatGPT)

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Switzerland Introduces Limited Qualified Investor Funds