A comprehensive representation service to access the Swiss market

We obtain and maintain FINMA approval for UCITS funds being offered for sale to all types of investors (retail and professional).
Establishment and maintenance of fund representation for their products offered for sale to qualified (i.e. institutional and professional) investors, including high-net-worth retail clients and their private investment structures (family offices) who have opted out in Switzerland.

Our expertise as a Swiss representative brings you:

  • the advantages of long-standing experience in the investment fund industry

  • personalised service;

  • a single point of entry;

  • multi-lingual legal support;

  • competitive pricing.

As a representative, we are responsible for the activities of the clients we represent not only towards investors in Switzerland but also towards the Swiss authorities.

Onboarding and application for FINMA approval

Offer to qualified investors

1.

Collection of the main fund documents (due diligence)

2.

Preparation of Swiss market-compliant documents

3.

Implementation of representation and paying agent agreements

Indicative timeline: 15 business days

Offering to non-qualified investors

1.

Collection of the main documents pertaining to the fund and its representatives (due diligence)

2.

Preparation of Swiss market-compliant documents

3.

Implementation of representation and paying agent agreements

4.

Preparation and filing of the application for FINMA approval

5.

Obtaining FINMA approval

Indicative timeline: 40 business days

The transfer from another Swiss representative to Carnegie Fund Services Ltd requires about the same amount of time as the onboarding process in both instances (qualified and non-qualified investors)

Pricing model and costs

Set-up fee

  • Drawing up agreements and fund documents that meet the requirements of Swiss law
  • Preparation and filing of the application for FINMA approval

Annual costs

  • Representation fee
  • Tax reporting fee

Variable costs

  • Updating of Swiss law-compliant documents for filing with FINMA
  • Legal support for the offering of foreign collective investment schemes for sale in Switzerland

Please note that there will also be third-party costs, such as the paying agent’s fee. For funds offered for sale to non-qualified/retail investors, additional fees are payable to FINMA and publication platforms.

Contact us

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