Regulatory Administration Clause Samples
The Regulatory Administration clause outlines the responsibilities and procedures for complying with applicable laws and regulations relevant to the agreement. It typically specifies which party is responsible for obtaining permits, licenses, or approvals from regulatory authorities, and may require timely notification of regulatory changes that could impact the contract. This clause ensures that both parties remain in compliance with legal requirements throughout the duration of the agreement, thereby reducing the risk of legal penalties or disruptions due to regulatory issues.
Regulatory Administration. Subject to the direction of and utilizing information provided by the Fund, the Investment Adviser, and the Fund’s agents, the Administrator will provide the services listed below. The Administrator’s provision of these services shall not relieve the Fund and the Fund’s Investment Adviser of their primary day-to-day responsibility for assuring such compliance. The Administrator’s ability to provide information regarding compliance with respect to applicable rules and regulations may be limited by the characteristics of the Fund’s investments. The Administrator shall perform the following duties on behalf of the Funds:
Regulatory Administration a. Provide services as mutually agreed upon, in addition to those listed in 6(a) above, to update annual amendments to the Fund’s registration;
b. Coordinate filing of Form 485a/485b and XBRL as agreed to with the Funds;
c. Assist in completing fidelity bond and D&O/E&O insurance applications;
Regulatory Administration a. Update annual amendments to the Funds’ registration statement;
b. Coordinate filing of Form 485a/485b and XBRL as agreed to with the Funds;
c. Assist in completing fidelity bond and D&O/E&O insurance applications.
Regulatory Administration i. Regulatory Administration Services Fees:
Regulatory Administration. Pursuant to Section 2(b) of this Agreement, the Subadministrator shall provide the following administration services, subject to the terms and conditions of this Agreement and this Appendix B:
Regulatory Administration. 2.1. Prepare agendas, resolutions, participation lists for four regularly scheduled quarterly meetings of the Board, on behalf of the Fund and the Adviser.
2.2. Coordinate the collection and publication of board materials for four regularly scheduled quarterly meetings of the Board, on behalf of the Fund and the Adviser.
2.3. Attend quarterly board meetings and the regularly scheduled meetings of the audit and other standing committees that occur on the same dates as the regularly scheduled quarterly Board meetings.
2.4. Draft and circulate for comment the minutes for four quarterly board meetings.
2.5. Coordinate the preparation and filing the annual amendments to the Trust’s Registration Statement on Form N-2, including any supplements thereto.
2.6. Coordinate the acquisition of and maintain fidelity bonds and directors and officers/errors and omissions insurance policies for the Trust in accordance with the requirements of the Investment Company Act and as such bonds and policies are approved by the Board.
Regulatory Administration. Subject to the direction of and utilization of information provided by the Trust, the Investment Adviser and fund counsel, UMB Fund Services will provide the following services on behalf of the Fund(s):
Regulatory Administration i. Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder
Regulatory Administration. 2.1. Prepare agendas, resolutions, and participation lists for four regularly scheduled quarterly meetings of the Board on behalf of the Fund and the Adviser.
2.2. Coordinate the collection and publication of board materials for four regularly scheduled quarterly meetings of the Board on behalf of the Fund and the Adviser.
2.3. Attend quarterly board meetings and the regularly scheduled meetings of the audit and other standing committees on the same dates as the regularly scheduled quarterly Board meetings.
2.4. Draft and circulate for comment the minutes for four quarterly board meetings.
2.5. Coordinate preparing and filing the annual amendments to the Trust’s Registration Statement on Form N-2, including any supplements.
2.6. Coordinate the acquisition of and maintain fidelity bonds and directors and officers/errors and omissions insurance policies for the Trust following the requirements of the Investment Company Act, and as the Board approves such, bonds and policies.
Regulatory Administration. Subject to the direction of and utilizing information provided by the Client and its agents, the Sub-Administrator will provide the services listed below. The Sub-Administrator’s provision of these services shall not relieve the Fund and the Fund’s Investment Adviser of their primary day-to-day responsibility for assuring such compliance. The Sub-Administrator’s ability to provide information regarding compliance with respect to applicable rules and regulations may be limited by the characteristics of the Fund’s investments. The Sub-Administrator shall perform the following duties on behalf of the Fund: