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Art. 122

951.311CISOFederal Council OrdinanceJan 1, 2007Original source

(Art. 110 CISA)

  1. The investment company with fixed capital may only manage its own assets. Its primary object is to generate income and/or capital gains, whereby it does not pursue any entrepreneurial activities in the true sense. It is specifically prohibited from rendering services pursuant to Articles 26 and 34 FinIA1on behalf of third parties.2
  2. It may delegate investment decisions as well as specific tasks, provided this is in the interests of efficient management.

Footnotes

  1. SR 954.1

  2. Amended by Annex 1 No II 9 of the Financial Institutions Ordinance of 6 Nov. 2019, in force since 1 Jan. 2020 (AS 2019 4633).

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