Commentaries: Art. 118a

An L-QIF is a collective investment scheme that:
1. is only open to qualified investors;
2. in the event that it invests its funds directly in real estate, is open only to investors who are professional clients in accordance with Article 4 paragraph 3 letters a–h FinSA¹;
3. is managed in accordance with Articles 118g and 118h; and
4. has neither authorisation nor approval from FINMA and is not supervised by FINMA.
It is subject to this Act unless it provides otherwise.

Art. 118a