Common use of Identity Theft Prevention Program Clause in Contracts

Identity Theft Prevention Program. (a) Distributor will rely upon Dealer to establish a written Identity Theft Prevention Program to include policies and procedures that comply with Rule 681.2 adopted by the Federal Trade Commission pursuant to amendments to the Fair Credit Reporting Act (the “Identity Theft Rules”). Dealer acknowledges, represents, and warrants that it has adopted and implemented an Identity Theft Prevention Program that complies and will continue to comply with all aspects and requirements of the Identity Theft Rules, and all other applicable laws and regulations. Dealer agrees that with respect to each order for the purchase of shares placed by Dealer on behalf of its customers: (i) Dealer has obtained recent evidence satisfactory in nature to establish the identity of each customer and/or principal to the transaction and the beneficial owner(s) of shares so purchased; (ii) such evidence will be made available to Distributor, its agents or appropriate regulatory or law enforcement authorities, as requested; and (iii) Dealer will immediately notify the Distributor of suspected identity theft that involves a Fund. Upon request, Dealer shall promptly certify to having an Identity Theft Prevention Program that complies with and continues to comply with all aspects and requirements of the Identity Theft Rules and any other anti-identity theft laws or regulations.