Compliance Administration Clause Samples
The Compliance Administration clause establishes the procedures and responsibilities for ensuring that all parties adhere to applicable laws, regulations, and contractual requirements throughout the duration of the agreement. Typically, this clause outlines who is responsible for monitoring compliance, maintaining necessary records, and reporting any breaches or issues to relevant authorities or stakeholders. Its core practical function is to provide a clear framework for managing compliance obligations, thereby reducing the risk of legal violations and ensuring that all parties remain accountable.
Compliance Administration. Perform daily prospectus & SAI, SEC investment restriction monitoring
Compliance Administration. Perform testing for compliance with: (i) the investment objective and certain policies and restrictions as disclosed in each Fund’s offering documents; and (ii) applicable Law (collectively, “Portfolio Compliance”) (post-trade, monthly) to test the Fund’s Portfolio Compliance (the “Portfolio Compliance Testing”). The frequency and nature of the Portfolio Compliance Testing and the methodology and process in accordance with which the Portfolio Compliance Testing are conducted, are mutually agreed to between ALPS and the Fund.
Compliance Administration. Perform daily prospectus, SEC investment restriction monitoring · Provide warning/alert notification · Create monthly comprehensive compliance summary reporting · Monitor on a quarterly basis each Fund's status as a regulated investment company under Subchapter M of the Code.
Compliance Administration. ● Perform daily prospectus & SAI, SEC investment restriction monitoring ● Provide warning/Alert notification with supporting documentation ● Provide quarterly compliance testing certification to Board of Directors
Compliance Administration. (i) Perform monthly prospectus & SAI, SEC investment restriction monitoring
(ii) Provide warning/alert notification with supporting documentation
(iii) Provide quarterly compliance testing certification to Board of Trustees
Compliance Administration. Perform daily prospectus & SAI, SEC investment restriction monitoring • Provide warning/Alert notification with supporting documentation • Create monthly comprehensive compliance summary reporting • Calculate section 18 derivative exposure and asset coverage reporting • Provide quarterly compliance testing certification to Board of Directors • Calculate dividend and capital gain distribution rates • Prepare ROCSOP and required tax designations for Annual Report • Prepare and coordinate filing of income and excise tax returns o Audit firm to sign all returns as paid preparer • Calculate/monitor book-to-tax differences • Provide quarterly Subchapter M compliance monitoring and reporting • Provide tax re-allocation data for shareholder 1099 reporting • Prepare and distribute 19a-1 filings as required
Compliance Administration. Perform daily prospectus & SAI, SEC investment restriction monitoring Provide warning/Alert notification with supporting documentation Provide client access to automated compliance testing platform Create monthly comprehensive compliance summary reporting Calculate section 18 derivative exposure and asset coverage reporting Provide quarterly compliance testing certification to Board of Trustees · Calculate dividend and capital gain distribution rates · Calculate and prepare workpapers supporting the financial statement tax footnote disclosure, including any required ROC-SOP entries, and required tax designations for Annual Report · Prepare and coordinate filing of income and excise tax returns o Audit firm to sign all returns as paid preparer · Calculate/monitor and produce workpapers identifying book-to-tax differences, including the evaluation and recommendation of any available tax elections related to such book-to-tax differences · Provide quarterly Subchapter M compliance monitoring and reporting · Provide tax re-allocation data for shareholder 1099 reporting Revisions to, or the addition of new services to the services listed above (including but not limited to new or revised services related to regulatory changes or special projects, including SEC Form N-PORT) shall be subject to additional fees as determined by ALPS and agreed to by the Trust.
Compliance Administration. Perform daily prospectus & SAI, SEC investment restriction monitoring • Provide warning/Alert notification with supporting documentation • Provide client access to automated compliance testing platform • Create monthly comprehensive compliance summary reporting • Calculate section 18 derivative exposure and asset coverage reporting • Provide quarterly compliance testing certification to Board of Trustees • Calculate dividend and capital gain distribution rates • Prepare ROCSOP and required tax designations for Annual Report • Prepare and coordinate filing of income and excise tax returns • Audit firm to sign all returns as paid preparer • Calculate/monitor book-to-tax differences • Provide quarterly Subchapter M compliance monitoring and reporting • Provide tax re-allocation data for shareholder 1099 reporting Revisions to, or the addition of new services to the services listed above (including but not limited to new or revised services related to regulatory changes or special projects) shall be subject to additional fees as determined by ALPS. [Redacted] All out-of-pocket expenses are passed through to the client at cost, including but not limited to: third party security pricing and data fees, Bloomberg fees, Gainskeeper fees, PFIC Analyzer, bank loan sub-accounting fees, Blue Sky permit processing fees and state registration fees, SSAE 16 control review reports, travel expenses to Board meetings and on-site reviews, typesetting, printing, filing and mailing fees (including additional fees or surcharges related to expedited typesetting, printing, filing and mailing events), FINRA advertising/filing fees (including additional ALPS fees for expedited reviews), registered representative state licensing fees, fulfillment costs, confirmations and investor statements, postage, statement paper, ▇▇▇ custodial fees, NSCC interface fees, wire fees and other bank charges, E*Delivery services, customized programming/enhancements, enhanced reporting activities and other out-of-pocket expenses incurred by ALPS in connection with the performance of its duties under its Agreement with the Trust on behalf of each Fund.
Compliance Administration. Perform daily prospectus & SAI, SEC investment restriction monitoring · Provide warning/Alert notification with supporting documentation · Provide quarterly compliance testing certification to Board of Directors · Calculate dividend and capital gain distribution rates · Prepare ROCSOP and required tax designations for Annual Report · Prepare and coordinate filing of income and excise tax returns o Audit firm to sign all returns as paid preparer · Calculate/monitor book-to-tax differences · Provide quarterly Subchapter M compliance monitoring and reporting · Provide tax re-allocation data for shareholder 1099 reporting · Prepare and coordinate distribution of 19a-1 filings as required · Provide the Trust with individuals to serve in the Trust’s Treasurer (PFO), Secretary and Chief Compliance Officer positions. +
Compliance Administration. ● Provide daily investment restriction compliance monitoring support and reporting. ● Provide warning/alert notification with supporting documentation. ● Report violations, if any, to a Fund and the Fund’s CCO as promptly as practicable following discovery.