CH-OW
Implementing Ordinance to the Federal Act on Investment Funds
Statutory Text (4 Articles)
1. The Higher Court is responsible as the sole cantonal judicial authority for decision-making regarding
a. the amendment of the fund regulations (Art. 9 et seq., Art. 54 para. 4 of the Act);
b. the dissolution of the investment fund (Art. 28 para. 1 lit. a of the Act).
1. Civil disputes between the fund management company or the custodian bank and an investor are to be resolved before the ordinary civil courts.
2. Judgments issued therein must be communicated to the Swiss Financial Market Supervisory Authority (FINMA) without delay and free of charge in complete form.
1. Prosecution and adjudication of offenses in accordance with Art. 49 et seq. of the law are the responsibility of the ordinary criminal justice authorities.
2. Judgments and decisions to dismiss in criminal proceedings must be immediately communicated in full to the Federal Prosecutor's Office for the attention of the Federal Council.
1. This regulation comes into force immediately.
2. The Executive Council is entrusted with the execution.