Common use of Program Administration Clause in Contracts

Program Administration. In addition to maintaining the Policies and Procedures of the Fund, BISYS also supports the Funds' CCO by reviewing the portfolio compliance activities of the Fund, monitoring escalations raised through Compliance Services and the internal operational units, conducting independent testing of various procedures of the Service Providers, producing quarterly reports to assist in the preparation of the CCO report to the Board, and performing other special reviews and analysis as needed.