Qualified Investor

  1. According to Art. 10 Para. 3 of the Federal Act on Collective Investment Schemes (CISA), qualified investors are:
    1. Supervised financial intermediaries such as banks, securities dealers, fund management companies and asset managers of collective investment schemes;
    2. regulated insurance institutions;
    3. Public corporations and pension funds with professional treasury;
    4. Company with professional treasury;
    5. High net worth individuals;
    6. Investors who have concluded a written asset management agreement with a supervised financial intermediary (such as banks, securities dealers, fund management companies and asset managers of collective investment schemes).
  2. According to Art. 6 Para. 2 of the Ordinance on Collective Investment Schemes in conjunction with Art. 10 Para.
    1. As a financial intermediary, the asset manager is subject to the Money Laundering Act of October 10, 1997 (AMLA);
    2. the asset manager is subject to the rules of conduct of an industry organization which are recognized by the supervisory authority as minimum standards; and
    3. The asset management agreement conforms to the recognized guidelines of an industry organization.
  3. Wealthy private individuals are those who confirm in writing that they have direct or indirect financial investments of at least CHF 2 million net. Financial investments include bank deposits (at sight or time), trust assets, securities (including collective capital contributions and structured products), derivatives, precious metals and life insurance policies with a surrender value. including assets from the 2nd and 3rd pillars). The confirmation regarding the existing financial investments must be available at the latest when the collective investment scheme is offered or sold. The existence of the required financial assets must be verified by the advertiser or provider of collective investment schemes if there are doubts regarding the fulfillment of the necessary conditions to be considered a high net worth individual.
    Written confirmation can be waived if the required financial assets deposited with the bank or securities dealer who also offers or sells the collective investment schemes.
    Private investment vehicles that have been set up for private individuals can be treated like wealthy private individuals if they have net financial investments of CHF 2 million .