Common use of Monitoring & Reporting Clause in Contracts

Monitoring & Reporting. a. Perform 22c-2 Monitoring / Reporting: In order to assist the GE Products with their compliance with their policies and procedures related to market timing activity, USBFS shall, in accordance with the procedures established from time to time by the GE Fund Products and USBFS, provide the following services b. Assist in the implementation and monitoring of 22c-2 compliance rules so that services provided are consistent with Funds market timing policies c. Perform all responsibilities included in the daily monitoring and reporting of 22c-2 for GE Products accounts, both direct and omnibus, as necessary to comply with regulations. d. Based on the criteria provided by the GE Products, report to the GE Products on a daily basis any findings of potential market timing activity appearing on the short term trader report; e. Host the MARS market timing application and ensure GEAM has necessary access and is fully trained on its use so as to complete its requirements f. Make available to GEAM all direct and sub-account level data for market timing purposes g. Provide daily report of potential market timing violations for direct and omnibus accounts by 10:00am h. Provide summarized market timing activity within a monthly dashboard by business day 10 i. Remit warning/restriction/removal letters to identified market timing shareholders within 24 hours of detection as requested by GEAM j. Comment accounts within the MARS system to reflect market timing findings as necessary k. Review all required omnibus sub-accounting data in search of market timing triggers (according to GE Products omnibus rules) and communicate daily by 12:00pm via online report. l. Perform annual audit of all omnibus accounts to ensure adherence to GEAM Market Timing Policies m. Provide ongoing input of industry ‘best practices’ and implement rule changes n. Restrict accounts based on GEAM instruction o. Acquire all necessary data from intermediaries p. Perform all necessary stewardship services for sales reporting. q. Provide GEAM with internal procedures for oversight purposes and provide updated procedures sent within 10 days of being implemented by USBFS.