(Art. 15 and 78 para. 3 CISA)
- FINMA may approve the segregation of individual illiquid investments of a collective investment scheme (side pockets ) in exceptional cases at the justified request of the fund management company or the SICAV if this is in the interests of all investors and if the fund contract or the investment regulations so provide.
- The fund management company or the SICAV must publish its decision on segregation in the media of publication following approval by FINMA.