September 24, 2014 - SIX Exchange Regulation, which is charged by SIX Swiss Exchange Ltd with the monitoring and enforcement of issuer obligations, has by means of a sanction notice imposed a fine of CHF 10'000 on Credit Suisse Funds AG, Zurich, for breaching the rules governing the regular reporting obligations. In January 2014, Credit Suisse Funds AG sent a notification regarding a distribution relating to certain Exchange Traded Funds (ETFS) too late.

Credit Suisse Funds AG has not been sanctioned by SIX Exchange Regulation or the Sanction Commission in the past three years. The violation commited by Credit Suisse Funds AG has been qualified as moderately severe and the degree of fault as gross negligence. In light of all circumstances, SIX Exchange Regulation has imposed a fine of CHF 10'000. Credit Suisse Funds AG has accepted the sanction notice.