Distribution of foreign collective investment schemes to qualified investors in Switzerland: foreign distributors’access to the Swiss market under the revised CISA

The revised Federal Act on Collective Investment Schemes (CISA), which came into force on 1 March 2013, introduced a new regime of distribution of collective investment schemes to qualified investors. The revised CISA redefines the status of qualified investors, in addition to the private placement regime. Foreign financial intermediaries marketing foreign investment funds to qualified investors in Switzerland and foreign collective investment schemes distributed in Switzerland to qualified investors should meet the new CISA requirements before 1 March 2015.