Art. 126a

(Art. 13 para. 2^bis, 15 para. 3, 118a para. 1 and 118f para. 1 CISA)

1. A collective investment scheme is only deemed to be a Limited Qualified Investor Fund (L-QIF) if it expressly waives the requirement to obtain authorisation and approval from FINMA.
2. An express waiver exists if the institution responsible for the management of the L-QIF submits the first notification to the Federal Department of Finance (FDF) of the assumption of management in accordance with Article 126g paragraph 1 letter a of this Ordinance.