Art. 119 Company agreement
(Art. 9 para. 3 and 102 CISA)1 1The general partners may delegate investment decisions and other activities, provided this is in the interests of efficient management. 2They shall exclusively commission persons who are properly qualified to execute such activities, and shall ensure the instruction, monitoring and control necessary with respect to implementation of the tasks assigned. 3The persons holding executive powers with the general partners may participate in the company as limited partners if:
3bisHigh-net-worth individuals pursuant to Article 6 who have submitted a written declaration pursuant to Article 6a paragraph 1 may participate in the company as limited partners, where specified by the company agreement.2 4The company agreement regulates the details and must be published in an official language. FINMA may authorise a different language in individual cases.3 1 Amended by No I of the Ordinance of 13 Feb. 2013, in force since 1 March 2013 (AS 2013 607). |