Commentaries: Art. 110

SICAF is a company limited by shares pursuant to the Code of Obligations¹(Art. 620 et seq. CO):
1. the sole object of which is the investment of collective capital;
2. the shareholders of which are not required to be qualified pursuant to Article 10 paragraph 3; and
3. which is not listed on a Swiss stock exchange.
There must be an appropriate relationship between a SICAF’s equity and its total assets. The Federal Council defines this relationship.²

SR 220 ↩
Inserted by No I of the FA of 28 Sept. 2012, in force since 1 March 2013 (AS 2013 585;BBl 2012 3639). ↩

Art. 110