New fund category L-QIF
We are pleased to inform you that on January 31, 2024, the Federal Council adopted the revised Collective Investment Schemes Ordinance (CISO), making the introduction of the new fund category "Limited Qualified Investor Fund (L-QIF)" a reality as of March 1, 2024. This innovative fund structure, created during the revision of the Collective Investment Schemes Act (CISA) on December 17, 2021, is exclusively aimed at qualified investors and enjoys the benefit of being exempt from authorization and approval requirements.
The introduction of the L-QIF marks a significant milestone in the development of the Swiss fund market. It aims to strengthen the innovation and competitiveness of Switzerland as a financial center by offering providers and investors more flexibility and efficiency.
In our newsletter, we present an overview of the most important aspects and changes that this innovation brings, from our perspective.