The membership and creditors' rights associated with the investments must be exercised independently and exclusively in the interests of the investors.
Article 685d paragraph 2 of the Code of Obligations1does not apply to investment funds.
If a fund management company manages several investment funds, the level of the participation with respect to the percentage limit set out in Article 685d paragraph 1 of the Code of Obligations is calculated individually for each investment fund.
Paragraph 3 also applies to each subfund of an open-ended collective investment scheme as defined in Article 92 et seq.