Family Office approval to manage a Collective Investment Scheme (Swiss PLF)
FO:
"we would like to get in touch with FINMA and assess the likelihood of Oyat Advisors receiving authorization to manage a collective investment scheme"
1741:
Given the most current FINMA practice, it will be important to highlight the following:
The portfolio that shall be managed in the fund does not differ substantially from the portfolios you are allowed to manage in the individual accounts of your clients (same diversification, same instruments, same investment techniques, same custodian)
OYAT is not planning to distribute the fund on a larger scale
Investors shall benefit from the higher investor protection and the tax exemptions a regulated Swiss investment fund would provide
Therefore, no material changes to your current organization would be necessary from your point of view
Hope the above helps a little bit to draft the right “story” for FINMA.