April 2021

On August 19, 2020, the Federal Council submitted a draft legislation to Parliament, pursuant to which a new unregulated fund category for qualified investors, the so-called Limited Qualified Investor Fund ("L-QIF"), is introduced by way of a formal amendment to the Collective Investment Schemes Act ("CISA"). This draft legislation will now be discussed in Parliament, the competent Commission of the Council of States having performed a first review on April 20, 2021.