2024-02-12 19:13:37
Published on February 12, 2024 at 8:13 p.m. / Modified on February 12, 2024 at 8:14 p.m.
From March 1, Swiss asset managers will be able to launch a new type of investment fund: the L-QIF. Reserved for qualified investors, this vehicle should make it possible to bring an investment strategy to the market more quickly, with very few management constraints. The necessary legislative changes were adopted on January 31 by the Federal Council. With this new tool inspired by the Luxembourg RAIF, Switzerland hopes to catch up a little on the fund market compared to the grand duchy.
An L-QIF does not need to obtain authorization from Finma, the Swiss financial watchdog. However, an announcement must be made to the Federal Department of Finance within 14 days. For a “classic” regulated fund, the accelerated authorization procedure existing in Switzerland sometimes makes it possible to obtain approval from the regulator within one month. Observers point out that the process can also take up to a year.
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