if it was formed for an unlimited period: on notice by the fund management company or the custodian bank;
if it was formed for a fixed period: on expiry of such period;
by order of FINMA:
1. if it was formed for a fixed period: based on reasonable cause, at the re- quest of the fund management company or the custodian bank,
2. if the minimum assets fall below the required amount,
3. in the cases specified in Article 13 paragraph 3 et seq.
A SICAV is dissolved:
if it was formed for an unlimited period: by resolution of the company shareholders, provided such resolution is carried by at least two thirds of the company shares;
if it was formed for a fixed period: on expiry of such period;
by order of FINMA:
1. if it was formed for a fixed period: based on reasonable cause, by reso-lution of the company shareholders, provided such resolution is carried by at least two thirds of the company shares,
2. if the minimum assets fall below the stipulated amount,
3. in the cases specified in Article 133 et seq.;
d. in the other cases specified by the Act.
For the dissolution of subfunds, paragraphs 1 and 2 apply accordingly.
The fund management company and the SICAV shall notify FINMA of the disso-lution forthwith, and shall announce the dissolution in the media of publication.
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