Commentaries: Art. 118e

On the first page of the fund documents of an L-QIF and in advertisements for an L-QIF:
1. the designation ‘Limited Qualified Investor Fund’ or ‘L-QIF’ must be used;
2. state that the L-QIF has neither authorisation nor approval from FINMA and is not supervised by FINMA.
The name of an L-QIF in the legal form of a SICAV or KmGK must contain the designation ‘Limited Qualified Investor Fund’ or its abbreviation ‘L-QIF’ and an indication of the relevant legal form.
An L-QIF may not be designated as a ‘securities fund’, ‘real estate fund’, ‘other fund for traditional investments’ or ‘other fund for alternative investments’.

Art. 118e