(Art. 50, 94 and 118a para. 2 CISA)
- The content of the investment regulations of an L-QIF in the legal form of a SICAV is governed by the provisions of the fund contract, unless the CISA or the articles of association provide otherwise. The investment regulations must be approved by the general meeting of shareholders.
- The general meeting of the SICAV or the subfunds is responsible for amending the investment regulations, provided that the amendment:
- is not required by law;
- affects the rights of the shareholders; or
- is not of an exclusively formal nature.
- If the general meeting of shareholders decides to amend the investment regulations, it must either publish the following information in the media of publication or notify the investors in writing:
- a summary of the material changes;
- a reference to the places where the text of the amendments can be obtained free of charge; and
- an indication of when the amendments will come into force.
- Paragraphs 1–3 apply by analogy to the articles of association insofar as they govern the content of the investment regulations.