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Revision of the Swiss Collective Investment Schemes Act — Consequences for Managers of Foreign Investment Funds
On 13 February 2013 the Federal Council resolved to bring into force the revised Collective Investment Schemes Act (CISA) and its implementing Ordinance (CISO) as per 1 March 2013. The revised law has substantial impacts on the Swiss investment funds industry. Due to the altered regulatory concepts in terms of asset management regulation and distribution,…
Reference: CapLaw-2013-11