IMPORTANT INFORMATION: for Assets Managers of Swiss Fund with UBS Switzerland as depositary bank investing in primary market traded funds

Please be informed that UBS Switzerland AG as a custodian bank for Swiss-regulated funds (subject to CISA) has decided to set up a dedicated omnibus account for fund assets at sub-custodian level. In case such assets are funds (collective investments) held with a sub-custodian, the dedicated account at the sub-custodian has to be linked with the register maintained by the transfer agent. This process needs some lead time as described in the custody news.