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Section 347

Special transitional provisions for retirement provision collective investment funds

(1) For retirement provision collective investment funds within the meaning of section 87 of the Investment Act in the version in force until 21 July 2013 that were set up before 22 July 2013 within the meaning of section 343(4), section 87(2) and sections 88 to 90 and 143(3), point 6, letter b, of the Investment Act in the version in force until 21 July 2013 apply correspondingly, in addition to the provisions named in section 345(1), eleventh sentence, once the amendments to the investment conditions have entered into force. However, the provisions of this Act named in section 345(1), eleventh sentence, that relate to retail AIF apply only insofar as section 87(2) and sections 88 to 90 and 99(3) of the Investment Act in the version in force until 21 July 2013 do not provide otherwise.
(2) Retirement provision collective investment funds within the meaning of section 87 of the Investment Act in the version in force until 21 July 2013 may no longer be set up within the meaning of section 343(4) after 21 July 2013.

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