A depository of an undertaking for collective investment in transferable securities (UCITS) must either have its registered office in the same EU country as that of the undertaking or be established in the EU country if its registered office is in another EU country (Directive 85/611/EEC). An authorisation to provide Alternative Investment Fund (AIF) management services can be granted to Alternative Investment Fund Managers (AIFMs) with their registered office and head office in the Republic of Slovenia. AIFMs from other EU countries may provide AIF management services through a branch (Directive 2011/61/EU). Only banks and brokerage companies that have their registered office in the Republic of Slovenia, and credit institutions and investment firms that have their registered office in a Member State and a branch in the Republic of Slovenia, can be authorised to perform AIF depositary functions, subject to certain conditions.
"Article 3 (Definition of abbreviations and terms) [...]
(2) Terms:
1. bank, Member State bank and third country bank shall have the same meaning as in the Act governing banking;
[...]
Article 16 (Depositaries)
(1) A depositary shall mean the depositary of the assets of a UCITS that meets the conditions referred to in Subsection 6.3.1 of this Act.
(2) The depositary of an APIF shall mean the depositary of the assets of an APIF that meets the conditions referred to in the Act governing alternative investment fund managers, and also additional conditions referred to in this Act.
[...]
6.3.1 The depositary of an investment fund's assets
Article 164 (General provisions)
(1) The assets of an investment fund shall be entrusted to a depositary for safekeeping.
(2) An investment fund may have only one depositary.
(3) The provisions of the Act governing alternative investment fund managers, of Article 167 of this Act, and of Subsection 6.3.4 of this Act shall apply to depositaries of APIFs.
[...]
Article 166 (Authorisation to perform depositary functions)
(1) The depositary functions referred to in the preceding Article shall only be performed by:
1. a bank authorised by the Bank of Slovenia to perform depositary functions;
2. a Member State bank having authorisation from the competent authority of a Member State and a branch in the Republic of Slovenia.
(2) The Bank of Slovenia shall grant authorisation to the bank referred to in point 1 of the preceding paragraph to perform depositary functions upon the prior opinion of the Agency.
(3) The Act governing banking shall apply, mutatis mutandis, to authorisation to perform depositary functions issued by the Bank of Slovenia.[...]" (Investment Funds and Management Companies Act (Official Gazette of the Republic of Slovenia, No. 31/15), last amended on 30.11.2018, Articles 3, 16, 164 and 166 [unofficial translation])
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"Article 1 (The content of the Act)
This Act determines the following:
1. the conditions for and the method of management of alternative investment funds (hereinafter: AIFs);
[...]
Article 3 (Scope of the Act)
(1) This Act shall apply to:
1. managers of AIFs that have their registered office in the Republic of Slovenia and that manage one or more AIFs irrespective of the country in which the AIF is established (hereinafter: AIFMs);
2. AIFMs that have their registered office in another Member State and are authorised to manage AIFs on the basis of the law or other regulation of the Member State adopted for the transposition of Directive 2011/61/EU (hereinafter: EU AIFMs);
3. AIFMs that have their registered office in a third country and are not AIFMs referred to in point 1 or 2 of this paragraph (hereinafter: non-EU AIFMs). 
[...]
Article 112 (Depositary of an AIF)
(1) For AIFs, the depositary functions referred to in Article 115 of this Act may be performed by: 
1. a bank that has its registered office in the Republic of Slovenia and is authorised by the Bank of Slovenia to carry out depositary functions;
2. a credit institution that has its registered office in a Member State and is authorised by the competent authority of the Member State and has a branch in the Republic of Slovenia;
3. a brokerage company that has its registered office in the Republic of Slovenia and is authorised by the Agency to provide the service of safekeeping and administration of financial instruments for the account of clients, and has the minimum level of own funds calculated on the basis of the application, mutatis mutandis, of the law governing banking in connection with Article 193 of the ZTFI, and initial capital of at least EUR 730,000.
4. an investment firm that has its registered office in a Member State and a branch in the Republic of Slovenia and meets the following conditions:
a) it is authorised by the competent authority to provide the service of safekeeping and administration of financial instruments for the account of clients in accordance with the regulation of the Member State adopted for the transposition of Directive 2004/39/EC;
b) it calculates own funds requirements in accordance with the regulation of the Member State adopted for the transposition of Article 20 of Directive 2006/49/EC; and
c) it has initial capital of at least EUR 730,000. 
[...]
Article 127 (Decision-making regarding authorisation to provide AIF management services)
(1) The Agency shall grant authorisation to provide AIF management services if: [...]
6. the AIFM has its registered office and head office in the Republic of Slovenia.
[...]
Article 135 (Management of AIFs in the Republic of Slovenia by an EU AIFM)
(1) An EU AIFM may, under the conditions determined by this Subsection, directly or through a branch provide the following services in the Republic of Slovenia:
1. management of AIFs;
2. provision of the portfolio management services or non-core services referred to in Subsection 2.4.14. of this Act for which it is authorised by the competent authority of its home Member State. 
(2) An EU AIFM may manage only those types of AIFs in the Republic of Slovenia that it is allowed to manage in its home Member State.
(3) If an EU AIFM establishes a branch in the Republic of Slovenia, Article 63, Articles 67 to 69, and Articles 165 and 167 of this Act shall apply to the operation of such a branch.
[...]
Article 137 (Provision of AIF management services in the Republic of Slovenia by a non-EU AIFM)
(1) A non-EU AIFM may manage AIFs or market units of AIFs, EU AIFs or non-EU AIFs in the Republic of Slovenia if it acquires prior authorisation to manage AIFs in the Republic of Slovenia or if it acquires such authorisation in another Member State of reference on the basis of the regulation of the Member State adopted for the transposition of Directive 2011/61/EU.
(2) The operation of a non-EU AIFM whose Member State of reference is the Republic of Slovenia shall be in compliance with the provisions of this Act and of other regulations governing the operation of AIFMs in the Republic of Slovenia, with the exception of Subsections 2.4.12.1., 4.2.1. and 4.2.2. of this Act.
(3) Notwithstanding the preceding paragraph of this Article, a non-EU AIFM shall not be obliged to comply with the provisions of this Act and of other regulations governing the business of AIFMs in the Republic of Slovenia with regard to which it has authorisation from the Agency in accordance with Article 144 of this Act.
Article 138  (Legal representative)
(1) A non-EU AIFM shall appoint a legal representative in its Member State of reference.
(2) The legal representative established in the Member State of reference of the non-EU AIFM shall represent the non-EU AIFM in the Member State and shall be the contact point of the non-EU AIFM responsible for any official correspondence between the competent authorities and the non-EU AIFM and between the EU investors in the relevant AIF managed by that non-EU AIFM and the non-EU AIFM.
(3) The legal representative and the non-EU AIFM shall ensure that the management of AIFs and the marketing of units of AIFs, EU AIFs or non-EU AIFs are in compliance with this Act and other regulations governing the operation of AIFMs in the Republic of Slovenia or regulations governing the operation of AIFs.[...]" (Alternative Investment Fund Managers Act (Official Gazette of the Republic of Slovenia, No. 32/15), last amended on 30. 11. 2018, Articles 1, 3, 112, 127, 135, 137 and 138 [unofficial translation])
Investment Funds and Management Companies Act (Official Gazette of the Republic of Slovenia, No. 31/15), last amended on 30.11.2018, Articles 3, 16, 164 and 166
Alternative Investment Fund Managers Act (Official Gazette of the Republic of Slovenia, No. 32/15), last amended on 30. 11. 2018, Articles 1, 3, 112, 127, 135, 137 and 138
Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS), Article 23
Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010
[<a href="http://www.pisrs.si/Pis.web/pregledPredpisa?id=ZAKO6671">Act</a>],[<a href="https://www.a-tvp.si/eng/rs-legislation/rs-legislation/the-investment-funds-and-management-companies-act-zisdu-3">Act_Eng</a>],[<a href="http://www.pisrs.si/Pis.web/pregledPredpisa?id=ZAKO6623">Act</a>],[<a href="https://www.a-tvp.si/storage/app/media/Documents/ENG/ZUAIS/ZUAIS_EN.pdf">Act_Eng</a>],[<a href="https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX%3A32009L0065">Directive</a>],[<a href="https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02011L0061-20190113">Directive</a>]