Federal Act
on Collective Investment Schemes
(Collective Investment Schemes Act, CISA)

of 23 June 2006 (Status as of 1 January 2023)


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Art. 104 Non-competition clause

1 The lim­ited part­ners are en­titled without the con­sent of the gen­er­al part­ners to con­duct oth­er busi­ness trans­ac­tions for their own ac­count and on be­half of third parties and to par­ti­cip­ate in oth­er com­pan­ies.

2 Un­less the part­ner­ship agree­ment provides oth­er­wise, the gen­er­al part­ners may without the con­sent of the lim­ited part­ners con­duct oth­er busi­ness trans­ac­tions for their own ac­count and on be­half of third parties and par­ti­cip­ate in oth­er com­pan­ies, provided this is dis­closed and the in­terests of the lim­ited part­ner­ship for col­lect­ive in­vest­ment are not im­paired as a con­sequence.

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