Art. 119

(Art. 9 para. 3 and 102 CISA)¹

1. The general partners may delegate investment decisions and other activities, provided this is in the interests of efficient management.
2. They 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.
3. The persons holding executive powers with the general partners may participate in the company as limited partners if:
   1. this is provided for in the company agreement;
   2. the participating interest stems from their private assets; and
   3. the participating interest is subscribed at the time of launch.
4. .²
5. The company agreement regulates the details and must be published in an official language. FINMA may authorise a different language in individual cases.³