Bundesgesetz über die kollektiven Kapitalanlagen (Swiss Federal Act on Collective Investment Schemes) of June 23, 2006 ("CISA").
Notice to investors in UBS ETF (CH)
In response to worldwide "Too big to fail" requirements, UBS has initiated a number of measures aimed at en-hancing the Group's capacity for conducting business. One of them is the creation of a new subsidiary, UBS Switzerland AG. This is intended to ensure that UBS can continue to provide services of greatest importance to clients, such as lending and deposits and the processing of payment transactions, even during severe crises.
UBS Switzerland AG was founded in 2014 as a public limited company with its registered office in Zurich and, with effect from the registration of the transfer of assets from UBS AG to UBS Switzerland AG in the commercial registers of Zurich and Basel City, will take over private and corporate client business booked in Switzerland and the Wealth Management business of UBS AG booked in Switzerland. Specifically, UBS Switzerland AG will per-form the various functions of a custodian bank for Swiss collective investments.
UBS Fund Management (Switzerland) AG, Basel, the fund management company, and UBS AG, Basel and Zurich, the former custodian bank, together with UBS Switzerland AG, the new custodian bank, wish hereby to inform you that the function of custodian bank under the law on collective investments for the investment funds named above is, in consequence of a transfer of assets pursuant to Art. 69 ff. of the Swiss Federal Act on Mergers, Demergers, Conversion and Transfer of Assets and Liabilities (Swiss Merger Act) of October 3, 2003, to be transferred from UBS AG to UBS Switzerland AG. The transfer is to take place around mid-June 2015.
References to UBS AG in the unit classes of the UBS investment funds will be amended in line with the new Group structure where necessary.
The prospectuses with integrated fund contracts or the fund contracts including appendices of the named in-vestment funds will be amended accordingly.
No costs will fall on investors as a consequence of the transfer of the custodian bank function.
As this amendment to the fund contract does not affect the rights of investors and concerns only matters of form, investors have no right to object to it.
In accordance with Art. 41 paras. 1 and 2bis CISO, investors in the above-mentioned investment fund are advised that review by FINMA is only for legal compliance with Art. 35a para. 1 a-g CISO. The above-mentioned amendment is therefore subject to review by FINMA for legal compliance.
The prospectus with integrated fund contract including the amendments to the wording may be obtained free of charge from the fund management company, UBS Fund Management (Switzerland) AG, Aeschenplatz 6, 4002 Basel.
Basel and Zurich, April 2, 2015
The fund management company: UBS Fund Management (Switzerland) AG
The custodian bank: UBS AG (formerly), UBS Switzerland AG (now)