Swiss Paying Agent

Negotiation and appointment

Swiss Paying Agent

 

When you decide to have your funds represented and distributed in Switzerland, you have to appoint a Swiss Representative as well as a Swiss Paying Agent which needs to be a Swiss bank. Pursuant to art. 3 of the CISA (Collective Investment Schemes Act) art. 3 of the CISO (Collective Investment Schemes Ordinance) and FINMA regulation, the foreign fund management company or the fund company, as the case may be, must appoint a Swiss representative and a Swiss paying agent before the commencement of any activities that qualify as “distribution”, thus pre-sales and pre-marketing activities already trigger this duty.

We suggest to appoint the Banque Cantonale de Genève (BCGE) with whom we have a long-standing business relationship and which is used by most of our clients.  The establishment of the paying agent agreement with BCGE is undertaken by Carnegie Fund Services internally. 

Banque Cantonale de Genève:  www.bcge.ch

 

Carnegie Fund Services Ltd.

is authorised and regulated by the Swiss Financial Market Supervisory Authority, FINMA. 

Carnegie Fund Services SA

11, rue du Général-Dufour

1204 Geneva – Switzerland

Phone: + 41 22 705 11 77

Email: info@carnegie-fund-services.ch   

Website: www.carnegie-fund-services.ch