Amendment of the Collective Investment Schemes Act in response to the EU's AIFM Directive
Berne, 11.3.2011 - At its meeting today, the Federal Council instructed the Federal Department of Finance (FDF) to prepare a draft for amending the Collective Investment Schemes Act. As a result, the legal provisions for the managers of collective capital investment assets should be adjusted in line with international developments, and in particular access to the EU market should be ensured. Greater investor protection will also be targeted, in addition to improved asset management quality in Switzerland.