Who is eligible to use MI Trade?
According to the Swiss Federal Act on Collective Investment Schemes of 2006 (‘CISA’) and its implementing ordinance, ‘qualified investors’ specifically include: Regulated financial intermediaries such as banks, securities traders and fund management companies; Regulated insurance institutions; Public entities and bodies and retirement benefit institutions with professional treasury operations; Businesses (typically larger corporates) with professional treasury operations (requiring at least one full time investment professional employed as treasurer); A high-net worth individual in the sense of CISA shall qualify provided that he or she confirms in writing that he or she either directly or indirectly holds net financial investments (‘bankable assets’) of at least CHF 2,000,000 at the time of purchase or if proof thereof is provided by such person having a bank account with the distributor of at least net CHF 2,000,000; In Switzerland, independent asset managers and investors who have c
