Common use of Investment Advisors and Investment Managers Clause in Contracts

Investment Advisors and Investment Managers. An Investment Entity established in Anguilla that is a Financial Institution solely because it (1) renders investment advice to, and acts on behalf of, or (2) manages portfolios for, and acts on behalf of, a customer for the purposes of investing, managing, or administering funds deposited in the name of the customer with a Financial Institution other than a Nonparticipating Financial Institution.

Investment Advisors and Investment Managers. An Investment Entity established in Anguilla that the sole activity of which is a Financial Institution solely because it (1) renders to render investment advice to, and acts act on behalf of, or (2) manages to manage portfolios for, and acts act on behalf of, a customer for the purposes of investing, managing, or administering funds deposited in the name of the customer with a Financial Institution other than a Nonparticipating Financial Institution.