Closed-ended collective investment schemes may be in the form of a limited partnership for collective investment (LPCI, Art. 98–109) or an investment company with fixed capital (SICAF, Art. 110–118)1.
In the case of closed-ended collective investment schemes, investors have neither a direct nor an indirect legal entitlement at the expense of the collective assets to the redemption of their units at the net asset value.
SICAFs are based on articles of association and issue a set of investment regulations.
Footnotes
Amended by No I of the FA of 17 Dec. 2021, in force since 1 March 2024 (AS 2024 53;BBl 2020 6885). ↩
New expr. by No I para. 1 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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