The proposed amendments to the Collective Investment Scheme Act, particularly the licensing requirements for all asset managers of collective investment schemes, will require strategic considerations by independent asset managers as to their future business model. If they decide to stay in the institutional management business, they will need a license and will have to comply with all requirements related to internal organisation and corporate structure deriving from the practice of FINMA. It is too early to accurately determine the scope of exemptions, if any, which asset managers of small collective investment schemes could benefit from in the revised CISA.
What challenges await independent asset managers? (French)
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