REQUESTS FOR NEW ACCOUNT. Upon receipt from the Fund of an application to establish an account in the name of one of its participants, the Transfer Agent shall review it for completeness. The Transfer Agent shall deem the application complete as to the participant or any authorized signers or beneficiaries on the account if with respect to such entity (i) the application includes such entity’s name, U.S. resident street address, social security number and date of birth or (ii) the Fund (a) certifies to the Transfer Agent as to the successful verification of the identity of such entity and the manner in which the Fund verified such identity, and (b) provides the detailed information so verified (i.e. passport number, drivers license number, birth certificate, etc.) which, in the Transfer’s Agent’s opinion, fulfills applicable regulatory requirements. If the application is incomplete as to the participant, the Transfer Agent will not open the account and will notify the Fund and request additional information from the Fund. If the Fund fails to provide the necessary participant information to complete the application within two business days of the Transfer Agent’s request, the Transfer Agent shall promptly return the application as incomplete and return any funds earmarked for deposit in such account to the participant, unless upon receipt of the Transfer Agent’s request, the Fund requests additional time to provide the missing information, in which case such application and funds will be returned to the participant if the missing information is not provided within five (5) business days of the Transfer Agent’s request. If the Transfer Agent determines, in its sole discretion, that the participant information has been completed within a timely manner, the Transfer Agent shall establish the account; provided, however, that such account shall be restricted from any and all redemption transactions unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below. If the participant information is complete but the application is incomplete as to any authorized signer and/or beneficiary, the Transfer Agent will open the account and restrict such account from any redemption transactions with respect to such entity unless and until such restriction is lifted by the Transfer Agent in accordance with the terms below (see part III). The Transfer Agent may file a Suspicious Activity Report or other appropriate report on its own behalf with applicable regulato...
REQUESTS FOR NEW ACCOUNT. Upon receipt of an application to open an Account (as defined in Part V Below), State Street shall determine whether the application includes such information as State Street deems necessary or appropriate under the circumstances to form a reasonable opinion that it knows the true identity of such applicant and open the Account. For an application to open an Account for a U.S. Person (as defined in Part V below), such information shall include either: (a) each Customer’s (as defined in Part V below) (1) name, (2) date of birth (for individuals only); (3) address (for an individual, a residential or business street address or, if none, an Army Post Office or Fleet Post Office box number or the residential or business street address of next of kin or of another contact individual; for a person other than an individual (e.g., corporation, partnership or trust), a principal place of business, local office or other physical location); and (4) Taxpayer Identification Number (as defined in Part V below) or reasonable evidence that such person has submitted an application for a Taxpayer Identification Number, provided that State Street is able to confirm with reasonable certainty that such application was filed prior to opening the Account and it receives assurances from the Customer or the Trust that the Taxpayer Identification Number will be provided within a reasonable period of time after the Account is opened; or (b) a certification from the Trust or an authorized employee of Xxxxxx Xxxxxx, Inc. to the successful verification of the Customer’s identity in accordance with the Trust’s CIP and the manner in which the Customer’s identity was verified, as well as a copy of any documentary evidence used in connection with such verification. For an application to establish an Account for a Non-U.S. Person (as defined in Part V below), such information shall include a certification from the Trust or an authorized employee of Xxxxxx Xxxxxx, Inc. as to the successful verification of the Customer’s identity in accordance with the Trust’s CIP and the manner in which the Customer’s identity was verified, as well as copies of any documentary evidence used in connection with such verification. Upon receipt of a certification and a copy of documentary evidence from the Trust or an authorized employee of Xxxxxx Xxxxxx, Inc. pursuant to clause (b) of this paragraph, State Street may establish an Account and deem the Customer’s identity verified without further inquiry or verif...
