Change To English As Official Language

Author:Ms Tara O'Callaghan
Profession:Dillon Eustace
 
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The recently introduced Swiss financial markets legislation provides that funds marketed in Switzerland may now elect to use English as an official language.

In order to change a fund's official language the following steps should be taken:

A separate notification must be made to FINMA advising of the change. The most recent Swiss Prospectus filed with FINMA must be refiled in English, signed in original form on behalf of the fund, the Depositary and the Swiss Representative, together with a confirmation that such document is the English version of the most recent translated Swiss Prospectus filed with FINMA. A notice confirming the change of official language must be made on the recognised publication platform of the fund in Switzerland in the current official language of the fund. The most...

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