Common use of Conflict Reporting and Records Clause in Contracts

Conflict Reporting and Records. Employees of the Administrator shall be required to report promptly any breach or suspected breach of these conflicts requirements to the appropriate compliance officer. The Administrator’s compliance function shall maintain a log of all incidents of non-compliance and will complete a review of any reported incidents. The results of the review shall be analyzed and appropriate actions or mitigating remedies, such as counseling an employee, will be identified and implemented in an effort to avoid similar incidents. The Administrator will maintain all logs and information collected as Records of Operations and comply with all obligations applicable to Records of Operations in this Agreement.

Conflict Reporting and Records. Employees of the Administrator shall be required to report promptly any breach or suspected breach of these conflicts requirements to the appropriate compliance officer. Such compliance officer of the Administrator shall promptly report high- level details of any material breaches to the Managing Member’s appropriate ethics officer. The Administrator’s compliance function shall maintain a log of all incidents of non-compliance and will complete a review of any reported incidents. The results of the review shall be analyzed and appropriate actions or mitigating remedies, such as counseling an employee, will be identified and implemented in an effort to avoid similar incidents. The Administrator will maintain all logs and information collected as Records of Operations and comply with all obligations applicable to Records of Operations in this Agreement.