Art. 126k

(Art. 26 para. 3, 78 para. 3 and 118a para. 2 CISA)

1. In the case of an L-QIF in the legal form of a contractual fund or SICAV, the fund management company or the SICAV may, subject to the consent of the custodian bank, create, cancel or merge unit classes, provided this is provided for in the fund contract or the articles of association.
2. In doing so, it shall address the following specific criteria: cost structure, reference currency, currency hedging, distribution or reinvestment of income, minimum investment or investor eligibility.
3. The details must be set out in the fund contract or the investment regulations. The risk that a class may be liable for another class must be specifically disclosed.
4. The fund management company or the SICAV shall announce the creation, dissolution or merging of unit classes in the media of publication. Only a merger is deemed to be an amendment to the fund contract or the investment regulations.
5. Article 112 paragraph 3 letters a-c applies accordingly.