Notification duties of the Federal Institute

(1) Where the investment conditions of both the master fund and the feeder fund have been approved under the provisions of this Act, the Federal Institute must inform the capital management company managing the feeder fund without delay of 1. every decision, 2. every measure, 3. every finding of a breach of the provisions of this Subdivision, and 4. all facts notified under section 38(3), fourth sentence, in conjunction with section 29(3) of the Banking Act, concerning the master fund, its depositary, or its auditor.
(2) Where only the investment conditions of the master fund have been approved under the provisions of this Act, the Federal Institute must inform the competent authorities of the home State of the EU feeder UCITS without delay of 1. every decision, 2. every measure, 3. every finding of a breach of the provisions of this Subdivision, and 4. all facts notified under section 38(3), fourth sentence, in conjunction with section 29(3) of the Banking Act, concerning the master fund, its depositary, or its auditor.
(3) Where only the investment conditions of the feeder fund have been approved under the provisions of this Act, and the Federal Institute receives information corresponding to subsection (2) from the competent authorities of the home State of the EU master UCITS, it must inform the capital management company managing the feeder fund of this without delay.