Applicable provisions for retail AIF and certain special AIF

(1) For depositaries appointed to hold in custody retail AIF, the provisions of section 68(7) to (8) and section 69(1), (2), and (4) apply correspondingly, in addition to the provisions of this Subdivision. The Federal Institute may, on application, wholly or partly dispense with the examination under section 68(7) and (7a) of a trustee under section 80(3), insofar as this is indicated for special reasons, in particular because of the nature and scope of the business conducted, and where no material findings were made in the trustee's last examination. The selection of, and any change to, a depositary that the Federal Institute has already approved as depositary for a corresponding retail AIF need only be notified to the Federal Institute and do not require further approval.
(2) For depositaries appointed to hold in custody special AIF and that maintain the crypto securities register for their units or shares, the provisions of section 68(7) to (8) apply correspondingly with regard to the maintenance of the crypto securities register, in addition to the provisions of this Subdivision. The Federal Institute may, on application, dispense with the examination, insofar as this is indicated for special reasons, in particular because of the nature of the assets held in custody and the scope of the business conducted.