Art. 116

(Art. 96 and 97 CISA)

1. The collective investment scheme shall be dissolved and may be liquidated immediately provided:
   1. the fund management company or the custodian bank has served notice;
   2. the shareholders of a SICAV have resolved the dissolution.
2. Where FINMA orders the dissolution of the collective investment scheme, such scheme shall be liquidated immediately.
3. Prior to the final payment, the fund management company or the SICAV shall obtain authorisation from FINMA.
4. The trading of units on the exchange ceases at the time of dissolution.
5. The termination of the custodian bank agreement between the SICAV and the custodian bank shall be notified to FINMA and the audit company immediately.