Common use of Certain losses suffered Clause in Contracts

Certain losses suffered. Neither the fund, nor we, nor the Administrator is responsible for any losses suffered because of the following reasons: • Delays in the processing or the rejection of your instruction. These include: - if your financial planning business is not approved by the Financial Services Board (‘FSB’); or acts beyond the scope of its license; or is not approved by us; or gives unauthorised instructions; - if you, the person you have authorised, or your financial planner provides the Administrator or the fund with incorrect or incomplete information, or fails to disclose or misleads the Administrator or the fund as to a material fact; - if a third party does anything illegal or invalid or does not do something that they should have done in respect to your investment; - if the Administrator cannot verify the bank account details you provide through its bank verification process; or - any legal requirements, unit trust portfolio limits, timing standards, administrative practices and procedures that apply to the investment. • A person authorised by you acting beyond the scope of their authority or if they do not send you correspondence the Administrator or the fund sends them. • Changes in tax or other laws that affect your investment. • The failure or delay of any website, networks, electronic or mechanical devices, or any other form of communication the fund or the Administrator use to process instructions about your investment. • The fund, we or the Administrator providing your financial planning business with details about your investment. • The fund or the Administrator doing business telephonically, electronically or by fax. • The fund or the Administrator acting on incorrect information where you failed to notify them of any changes to such information. • The investment or market risk of your investment. • The delayed sale of units in a unit trust portfolio due to ring-fencing. ‘Ring-fencing’ is the separation and delayed sale of units in a unit trust portfolio. It is caused by the large sale of units above a certain threshold in a unit trust portfolio. Ring-fencing makes sure that the sale of a large number of units will not force the Manager to sell the underlying assets at a price which could negatively affect investors in the unit trust portfolio. The Manager may delay the payment or reinvestment of the proceeds of the sale of units.

Certain losses suffered. Neither the fund, nor we, nor the Administrator is responsible for any losses suffered because of the following reasons: • Delays in the processing or the rejection of your investment instruction. These include: - if your financial planning business is does not approved by get approval from the Financial Services Board (‘FSB’); ) or acts beyond the scope of its license; license or is not approved by us; us or gives unauthorised instructions; - if you, the person you have authorised, or your financial planner provides the Administrator or the fund with incorrect or incomplete information, or fails to disclose or misleads the Administrator or the fund as to a material fact; - if a third party does anything illegal or invalid or does not do something that they should have done in respect to your investment; - if the Administrator cannot verify the bank account details you provide through its bank verification process; or and - any legal requirements, unit trust portfolio limits, timing standards, administrative practices and procedures that apply to the investment. • A person authorised by you acting beyond the scope of their authority or if they do not send you correspondence the Administrator fund or the fund Administrator sends them. • Changes in tax or other laws that affect your investment. ; • The failure or delay of any website, networks, electronic or mechanical devices, or any other form of communication the fund or the Administrator use to process instructions about your investment. • The fund, we or the Administrator providing your financial planning business with details about your investment. • The fund fund, or the Administrator doing business telephonically, electronically or by fax. • The fund fund, or the Administrator acting on incorrect information where you failed to notify them of any changes to such information. • The investment or market risk of your investment. • The delayed sale of units in a unit trust portfolio due to ring-fencing. ‘Ring-fencing’ is the separation and delayed sale of units in a unit trust portfolio. It is caused by the large sale of units above a certain threshold in a unit trust portfolio. Ring-fencing makes sure that the sale of a large number of units will not force the Manager us to sell the underlying assets at a price which could negatively affect investors in the unit trust portfolio. The Manager may delay the payment or reinvestment of the proceeds of the sale of units.

Certain losses suffered. Neither the fund, Insurer nor we, nor the Administrator is we are responsible for any losses suffered because of the following reasons: • Delays in the processing or the rejection of your instructionpolicy application for reasons beyond our control. These include: - o if your financial planning business is does not approved by get approval from the Financial Services Board (‘FSB’); or acts beyond the scope of its his or her FSB license; or is not approved by us; or gives us unauthorised instructions; - o if you, the person you have authorised, or your financial planner provides the Administrator or the fund us with incorrect or incomplete information, or fails to disclose or misleads the Administrator or the fund as to a material fact; - o if a third party does anything illegal or invalid or does not do something that they should have done in respect to done; o if you or your investmentfinancial planner does not comply with the Financial Intelligence Centre Act (FICA); - o if the Administrator we cannot verify the bank account details you provide through its our bank verification process; or - and o any legal requirements, unit trust portfolio limits, timing standards, administrative practices and procedures that apply to the investmentyour policy. • You do not get your spouse’s permission to act on your investment if you are married in community of property. • A person authorised by acting for you acting beyond the scope of their authority or if they do not send you correspondence the Administrator we or the fund sends Insurer send them. • Changes in tax or other laws that affect your investmentpolicy. • The failure or delay of any website, networks, electronic or mechanical devices, or any other form of communication the fund or the Administrator we use to process instructions about your investmentpolicy. • The fund, we or the Administrator Us providing your financial planning business planner with details about your investmentpolicy. • The fund or the Administrator Us doing business telephonically, electronically or by fax. • The fund or the Administrator Us acting on incorrect information where you failed to notify them us of any changes to such information. information • The investment or market risk of your investmentpolicy. • The delayed sale of units in a unit trust portfolio due to ring-fencing. ‘Ring-fencing’ is the separation and delayed sale of units in a unit trust portfolio. It is caused by the large sale of units above a certain threshold in a unit trust portfolio. Ring-fencing makes sure that the sale of a large number of units will not force the Manager us to sell the underlying assets at a price which could negatively affect investors in the unit trust portfolio. The Manager We may delay the payment or reinvestment of the proceeds of the sale of units.

Certain losses suffered. Neither the fund, nor we, nor the Administrator is responsible for any losses suffered because of the following reasons: • Delays in the processing or the rejection of your investment instruction. These include: - if your financial planning business is does not approved by get approval from the Financial Services Board (‘FSB’); or acts beyond the scope of its license; or is not approved by us; or gives unauthorised instructions; - if you, the person you have authorised, or your financial planner provides the Administrator or the fund with incorrect or incomplete information, or fails to disclose or misleads the Administrator or the fund as to a material fact; - if a third party does anything illegal or invalid or does not do something that they should have done in respect to your investment; - if the Administrator cannot verify the bank account details you provide through its our bank verification process; or - any legal requirements, unit trust portfolio limits, timing standards, administrative practices and procedures that apply to the investment. • A person authorised by you acting beyond the scope of their authority or if they do not send you correspondence the Administrator fund or the fund Administrator sends them. • Changes in tax or other laws that affect your investment. • The failure or delay of any website, website networks, electronic or mechanical devices, or any other form of communication the fund or the Administrator use to process instructions about your investment. • The fund, we or the Administrator providing your financial planning business business, with details about your investment. • The fund or the Administrator doing business telephonically, electronically or by fax. • The fund or the Administrator acting on incorrect information where you failed to notify them of any changes to such information. • The investment or market risk of your investment. • The delayed sale of units in a unit trust portfolio due to ring-fencing. ‘Ring-fencing’ is the separation and delayed sale of units in a unit trust portfolio. It is caused by the large sale of units above a certain threshold in a unit trust portfolio. Ring-fencing makes sure that the sale of a large number of units will not force the Manager to sell the underlying assets at a price which could negatively affect investors in the unit trust portfolio. The Manager may delay the payment or reinvestment of the proceeds of the sale of units.