Art. 118l

In the case of an L-QIF in the legal form of the contractual fund or the SICAV, derogation from the duty to make payments in and out of the fund in cash in accordance with Article 78 may be allowed if it is provided for in the following document:

1. in the case of an L-QIF in the legal form of the contractual fund: in the fund contract;
2. in the case of an L-QIF in the legal form of a SICAV: in the investment regulations.