Author Archives: Christian Koller

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, particularly Swiss managers and advisors of foreign investment funds need to carefully analyze the revised CISA and potentially adapt their business models. This article highlights the new provisions relevant in this regards; it reflects the legal position as of 6 June 2013.