Art. 126l

(Art. 25 para. 3, 36 para. 2 and 118a para. 2 CISA)

1. An L-QIF in the legal form of a contractual fund or SICAV must have net assets of at least 5 million Swiss francs at the latest one year following its launch.
2. The fund management company may extend the deadline twice by six months if this is provided for in the fund contract or the investment regulations.
3. If the fund management company exercises its right to extend the deadline, it must inform the custodian bank and the audit company immediately and either publish the decision in the media of publication or notify the investors in writing.