Swiss Collective Investment Schemes (CISA)

In 2007, the new Federal Act on Collective Investment Schemes (CISA) entered into force. Since then Switzerland’s fund industry has become familiar with the new provisions. The Swiss Financial Market Supervisory Authority has authorized a few of the newly available legal forms of Swiss collective investment schemes, namely investment companies with variable capital (SICAV) and limited partnerships for collective investment schemes (L.P.). Yet, the demand for these new legal entities has been disappointing, and it remains to be seen whether this will change. The new systematic overview in English has been prepared by practitioners of the law firm Baker & McKenzie Zurich. It describes the rules governing Swiss collective investment schemes and foreign collective investment schemes distributed in Switzerland. The booklet is based on the German publication issued by the same authors in 2007.