Investment Clubs Sample Clauses

Investment Clubs. NASDAQ's definition of Non-Professional Subscriber permits certain individual associated with Investment Clubs to access NASDAQ U.S. market data at Non-Professional rates as shown in the below chart. Questions regarding Investment Clubs Discussion May Investment Club members qualify as Non-Professionals? Yes, if the Investment Club member is an unpaid natural person who qualifies as a Non-Professional Subscriber. Must all Investment Club members qualify as Non- Professionals for the Non- Professional rates to apply? No. Each unpaid natural person associated with the Investment Club, who qualifies as a Non-Professional Subscriber, may be reported as a Non- Professional Subscriber. If the Investment Club member qualifies as a Non-Professional, may its Non-Professional members receive market data under the Investment Club’s account? The Investment Club is an organization, and by definition only natural persons can qualify as Non-Professionals. Each unpaid natural person associated with the Investment Club, who qualifies as a Non-Professional Subscriber, may be reported as a Non-Professional Subscriber. May Investment Club members who receive compensation qualify as Non-Professionals? No. In addition, compensation would disqualify the Investment Club as a Non-Professional. May the Investment Club members who receive professional assistance qualify as Non- Professionals? No, the Investment Club members who receive professional assistance related to the activities of the Investment Club may not qualify as Non-Professionals.
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Investment Clubs. Investment clubs should ensure that they are constituted in accordance with the ProShare approved investment manual or have taken legal advice in producing their own constitutuion. A letter of authorisation must be drawn up by all the members of the club nominating a member for communication purposes. A further member should be nominated for giving dealing instructions; this can be the same member. You remain responsible for informing us when any of the members or nominated persons change and for forwarding us a new letter of authority.
Sample 1

Related to Investment Clubs

  • Investment Article 126.

  • Investment Management If and to the extent requested by the Advisor, the Sub-Advisor shall, subject to the supervision of the Advisor, manage all or a portion of the investments of the Portfolio in accordance with the investment objective, policies and limitations provided in the Portfolio's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 (the "1940 Act") and rules thereunder, as amended from time to time, and such other limitations as the Trust or Advisor may impose with respect to the Portfolio by notice to the Sub-Advisor. With respect to the portion of the investments of the Portfolio under its management, the Sub-Advisor is authorized to make investment decisions on behalf of the Portfolio with regard to any stock, bond, other security or investment instrument, and to place orders for the purchase and sale of such securities through such broker-dealers as the Sub-Advisor may select. The Sub-Advisor may also be authorized, but only to the extent such duties are delegated in writing by the Advisor, to provide additional investment management services to the Portfolio, including but not limited to services such as managing foreign currency investments, purchasing and selling or writing futures and options contracts, borrowing money or lending securities on behalf of the Portfolio. All investment management and any other activities of the Sub-Advisor shall at all times be subject to the control and direction of the Advisor and the Trust's Board of Trustees.

  • Investments Make any Investments, except:

  • Investment Company Act The Company will conduct its affairs in such a manner so as to reasonably ensure that neither it nor its subsidiaries will be or become, at any time prior to the termination of this Agreement, an “investment company,” as such term is defined in the Investment Company Act, assuming no change in the Commission’s current interpretation as to entities that are not considered an investment company.

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