Collective Investment Schemes Act (CISA)

Parliament passed the new Swiss Federal Act on Collective Investment Schemes (CISA) on 23 June 2006, which replaced the Investment Fund Act (IFA) and entered into effect in 2007.

The CISA has as its purpose the protection of investors as well as the assurance of transparency and functional capability of the market for collective investment schemes.

Collective investment scheme is the umbrella term for products such as ETFs, ETSFs and other investment funds.

See alsoETF / Exchange Traded FundETSF / Exchange Traded Structured FundFunds