Common use of CCO Responsibilities Clause in Contracts

CCO Responsibilities. Except to the extent that any of the following shall be carried out by a Chief Compliance Officer for any Fund who reports directly to the Board, the CCO shall: (a) Report directly to the Board; (b) Review and administer the Trust’s compliance program policies and procedures including those policies and procedures that provide for oversight of compliance by the Trust’s Service Providers; (c) Conduct periodic reviews of the Trust’s compliance program to incorporate any new or changed regulations, best practice recommendations or other guidelines that may be appropriate; (d) Review no less frequently than annually, the adequacy of the policies and procedures of the Trust and the Service Providers and the effectiveness of their implementation; (e) Apprise the Board of significant compliance events at the Trust or the Service Providers; (f) Design testing methods for the Trust’s compliance program policies and procedures; (g) Perform and document periodic testing of certain key control procedures (as appropriate to the circumstances), including reviewing reports, investigating exceptions, and making inquiries of Trust management and Service Providers; (h) Conduct periodic site visits to Service Providers as necessary; (i) Provide training to the Trust and deliver updates to the Trust or the Service Providers, as necessary; (j) Establish a quarterly reporting process to the Board, including both written and oral reports and attend regularly scheduled board meetings as well as special meetings on an as-needed basis; (k) Prepare a written annual report for the Board that, at a minimum, address (i) the operation of the Trust’s and its Service Providers’ policies and procedures since the last report to the Board; (ii) any material changes to such policies and procedures since the last report; (iii) any recommendations for material changes to the policies and procedures as a result of the periodic or annual reviews referred to in (c) and (d) above; and (iv) any “material compliance matters” (as defined in Rule 38a-1) since the date of the last report; and (l) No less than annually, meet separately with the Trust’s independent trustees.

CCO Responsibilities. Except to the extent that any of the following shall be carried out by a Chief Compliance Officer for any Fund who reports directly to the Board, the CCO shall: (a) Report directly to the Board; (b) Review and administer the Trust’s 's compliance program policies and procedures including those policies and procedures that provide for oversight of compliance by the Trust’s 's Service Providers; (c) Conduct periodic reviews of the Trust’s 's compliance program to incorporate any new or changed regulations, best practice recommendations or other guidelines that may be appropriate; (d) Review no less frequently than annually, the adequacy of the policies and procedures of the Trust and the Service Providers and the effectiveness of their implementation; (e) Apprise the Board of significant compliance events at the Trust or the Service Providers; (f) Design testing methods for the Trust’s 's compliance program policies and procedures; (g) Perform and document periodic testing of certain key control procedures (as appropriate to the circumstances), including reviewing reports, investigating exceptions, and making inquiries of Trust management and Service Providers; (h) Conduct periodic site visits to Service Providers as necessary; (i) Provide training to the Trust and deliver updates to the Trust or the Service Providers, as necessary; (j) Establish a quarterly reporting process to the Board, including both written and oral reports and attend regularly scheduled board meetings as well as special meetings on an as-needed basis; (k) Prepare a written annual report for the Board that, at a minimum, address (i) the operation of the Trust’s 's and its Service Providers’ ' policies and procedures since the last report to the Board; (ii) any material changes to such policies and procedures since the last report; (iii) any recommendations for material changes to the policies and procedures as a result of the periodic or annual reviews referred to in (c) and (d) above; and (iv) any “"material compliance matters” " (as defined in Rule 38a-1) since the date of the last report; and (l) No less than annually, meet separately with the Trust’s 's independent trustees.

CCO Responsibilities. Except With respect to the Trust, and except to the extent that any of the following shall be carried out by a Chief Compliance Officer for any Fund who reports directly to the Board, the CCO shall: (a) Report directly to the Board; (b) Review and administer the Trust’s 's compliance program policies and procedures including those policies and procedures that provide for oversight of compliance by the Trust’s 's Service Providers; (c) Conduct periodic reviews of the Trust’s 's compliance program to incorporate any new or changed regulations, best practice recommendations or other guidelines that may be appropriate; (d) Review no less frequently than annually, the adequacy of the policies and procedures of the Trust and the Service Providers and the effectiveness of their implementation; (e) Apprise the Board of significant compliance events at the Trust or the Service Providers; (f) Design testing methods for the Trust’s 's compliance program policies and procedures; (g) Perform and document periodic testing of certain key control procedures (as appropriate to the circumstances), including reviewing reports, investigating exceptions, and making inquiries of Trust management and Service Providers; (h) Conduct periodic site visits to Service Providers as necessary; (i) Provide training to the Trust and deliver updates to the Trust or the Service Providers, as necessary; (j) Establish a quarterly reporting process to the Board, including both written and oral reports and attend regularly scheduled board meetings as well as special meetings on an as-needed basis; (k) Prepare a written annual report for the Board that, at a minimum, address (iA) the operation of the Trust’s 's and its Service Providers’ ' policies and procedures since the last report to the Board; (iiB) any material changes to such policies and procedures since the last report; (iiiC) any recommendations for material changes to the policies and procedures as a result of the periodic or annual reviews referred to in (c) and (d) above; and (ivD) any “"material compliance matters” " (as defined in Rule 38a-1) since the date of the last report; and (l) No less than annually, meet separately with the Trust’s 's independent trustees.