This is a friendly reminder that due to the revised Collective Investment Schemes Act (CISA) and the Collective Investment Schemes Ordinance (CISO), foreign asset managers need to be represented by an authorized Swiss representative and paying agent already since March 2015. The documents need to be amended by 31st August latest in order to prohibit further proceedings by FINMA.
(see Art. 158a to 158e CISA, Art. 144c para. 5 CISO)Why this is important
FINMA’s enforcement activities report in 2014 shows that FINMA became very active and concluded a total of 1,358 investigations. Click here to see the full report. The ending of the transition period will reveal non-compliant foreign funds.
What you need
Compliant access to Switzerland is very simple. Foreign fund managers only need to appoint a Swiss representative and a paying agent to continue to approach qualified investors in Switzerland.
Still looking for a Swiss Representative?Choosing Fundbase as your representative in Switzerland means you will be able to actively market your funds directly to qualified investors with limited restrictions. From the onset, we will continually help you with all regulatory aspects as your trusted partner.
Please feel free to reach out to us directly and give us a call at +41 55 417 57 55. Enjoy the rest of your day. Be happy,
Your Fundbase Team