Institutional investors

By accessing this website, you declare to have accepted and confirm that you are a qualified investor within the meaning of Art. 10 para. 3 and 3ter of the Federal Act on Collective Investment Schemes ("CISA").

Qualified investors within the meaning of Art. 10 para. 3 CISA are professional and institutional clients according to Art. 4 para. 3-5 of the Federal Act on Financial Services ("FIDLEG") or according to Art. 5 para. 1 and 4 FIDLEG. This includes a) financial intermediaries pursuant to the Federal Law on Banks and Savings Banks, the Federal Law on Financial Institutions and CISA; b) insurance undertakings pursuant to the Federal Law on Insurance Supervision; c) foreign clients subject to prudential supervision, such as the persons referred to in letters a) and b); d) central banks; e) public-law corporations with professional treasury; f) pension funds and institutions whose purpose is to provide occupational pensions, with professional treasury; g) companies with professional treasury; h) large companies; i) private investment structures set up for high net worth individuals with professional treasury; j) national and supranational public law entities with professional treasury; k) high net worth individuals and private investment structures set up for them, who have declared that they wish to be considered professional clients (opting out); and l) Swiss and foreign collective investment schemes and their management companies that are not already considered institutional clients under the FIDELEG and have declared that they wish to be considered institutional clients.

A large corporation is regarded as a company that exceeds two of the following sizes: i) balance sheet total of 20 million Swiss francs; ii) sales revenue of 40 million Swiss francs; iii) equity capital of 2 million Swiss francs. A professional treasury is deemed to exist if, within or outside the company or the private investment structure, a professionally qualified person experienced in the financial sector is entrusted on a permanent basis with the management of the financial resources. Wealthy private clients and private investment structures set up for them may declare that they wish to be considered professional clients if they can credibly declare that i) they have the knowledge required to understand the risks of the investments and have assets of at least 0.5 million Swiss francs due to their personal education and professional experience in the financial sector; or ii) they have assets of at least 2 million Swiss francs.

As qualified investors within the meaning of Art. 10 para. 3ter CISA in conjunction Art. 6a of the Ordinance on Collective Investment Schemes are private clients for whom a financial intermediary pursuant to Art. 4 para. 3 lit. a FIDLEG or a foreign financial intermediary subject to equivalent prudential supervision provides asset management or investment advisory services within the meaning of Art. 3 lit. c items 3 and 4 FIDLEG within the scope of a long-term asset management or investment advisory relationship, unless they have declared that they do not wish to be considered as such.

The use of this website is subject to Swiss law. The exclusive place of jurisdiction for all disputes arising from or in connection with this website is Zurich.

Zurich, March 2020