An annual report shall be published for each open-ended collective investment scheme within four months of the close of the financial year; it shall contain the following data in particular:
the annual accounts consisting of a statement of net assets or the balance sheet and the profit and loss account, together with information concerning the appropriation of net income and the disclosure of expenses;
the number of units redeemed and newly issued during the financial year, as well as the final balance of the issued units;
the inventory of the fund's assets at market value and the resulting value (net asset value) of a fund unit as of the last day of the financial year;
the valuation principles as well as the principles used for the calculation of the net asset value;
a breakdown of the buy and sell transactions;
the names of persons and companies to which duties have been entrusted;
information relating to matters of particular economic or legal significance, specifically:
1. amendments to the fund regulations,
2. material questions concerning interpretation of this Act and the fund regulations,
3. a change of fund management company and custodian bank,
4.1 changes concerning the executive officers at the fund management company, SICAV or manager of collective assets2,
5. legal disputes;
h. the performance of the open-ended collective investment scheme, possibly benchmarking it with comparable investments;
i. a brief report by the audit company regarding the information mentioned above, as well as the items set out in Article 90 in the case of real estate funds.
The statement of net assets of the investment fund and the balance sheet of the SICAV must be prepared on the basis of market values.
A semi-annual report must be issued within two months after the end of the first half of the financial year. The report contains an unaudited statement of net assets or unaudited balance sheet and income statement, as well as information as per Paragraph 1 letters b, c and e.
The annual and semi-annual reports shall be filed with FINMA the latest at the time of publication.
These are made available for inspection free of charge to interested parties for ten years.
Footnotes
Amended by No I of the FA of 28 Sept. 2012, in force since 1 March 2013 (AS 2013 585;BBl 2012 3639). ↩
New expr. by No I para. 3 of the FA of 17 Dec. 2021, in force since 1 March 2024 (AS 2024 53;BBl 2020 6885). This change has been made in the AS provisions specified. ↩
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