Risk Management and Policies and Procedures Review Sample Clauses

Risk Management and Policies and Procedures Review. As part of the risk management and policies and procedures review, NLCS will perform the services listed below:
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Risk Management and Policies and Procedures Review. As part of the risk management and policies and procedures review, NLCS will perform the services listed below: A. Evaluation of Internal Control Structure 1. Conduct interviews with certain employees throughout the business lines of the Trust who are responsible for the day-to-day operations of the Trust in relation to compliance with the Federal Securities Laws by the Trust and each investment adviser, principal underwriter, administrator, and transfer agent of the Trust (collectively the “Service Providers”). 2. Assess from the interviews the operational risks and compliance with stated policies and procedures of the Trust and its Service Providers. 3. Review internal audit and other reports maintained by the Trust and, to the extent practicable, its Service Providers, related to compliance with the Federal Securities Laws. 4. Review any written policies and procedures provided pursuant to Section 1(b) below to assess the appropriateness of such documents with respect to compliance with the Federal Securities Laws by the Trust and its Service Providers. B. Review of the Trust’s Policies and Procedures 1. Conduct a detailed review and assessment of the Trust’s policies and procedures pertaining to compliance with the Federal Securities Laws. This review will cover among other things, the Trust’s policies and procedures relating to: a. Pricing of portfolio securities and Fund shares, with a focus on the following items within the pricing policies and procedures: (i) Monitoring for circumstances that may necessitate the use of fair value prices; (ii) Establishing criteria for determining when market quotations are no longer reliable for a particular portfolio security; (iii) Providing a methodology or methodologies by which the Funds determine the current fair value of the portfolio securities; and (iv) Reviewing the appropriateness and accuracy of the methodology used in valuing securities, including making any necessary adjustments. b. Processing of Fund shares, with a focus on the following items: (i) Segregation of investor orders received before the Fund prices its shares from those that were received after the Fund prices its shares; and (ii) Methodology used by the Fund to protect itself and its shareholders against late trading. c. Identification of affiliated persons to ensure that any transactions with affiliated persons are executed in compliance with the Investment Company Act. d. Protection of nonpublic information, including: (i) Prohibitions...
Sample 1

Related to Risk Management and Policies and Procedures Review

  • Policies and Procedures i) The policies and procedures of the designated employer apply to the employee while working at both sites.

  • Compliance Policies and Procedures To assist the Fund in complying with Rule 38a-1 of the 1940 Act, BBH&Co. represents that it has adopted written policies and procedures reasonably designed to prevent violation of the federal securities laws in fulfilling its obligations under the Agreement and that it has in place a compliance program to monitor its compliance with those policies and procedures. BBH&Co will upon request provide the Fund with information about our compliance program as mutually agreed.

  • COMPLIANCE WITH POLICIES AND PROCEDURES During the period that Executive is employed with the Company hereunder, Executive shall adhere to the policies and standards of professionalism set forth in the policies and procedures of the Company and IAC as they may exist from time to time.

  • Performance and Compliance with Contracts and Credit and Collection Policy The Seller shall (and shall cause the Servicer to), at its expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Receivables, and timely and fully comply in all material respects with the applicable Credit and Collection Policies with regard to each Receivable and the related Contract.

  • Transaction Procedures All series transactions for the Designated Series shall be consummated by payment to, or delivery by, the Custodian(s) from time to time designated by the Fund (the “Custodian”), or such depositories or agents as may be designated by the Custodian in writing, of all cash and/or securities due to or from the Series. The Subadviser shall not have possession or custody of such cash and/or securities or any responsibility or liability with respect to such custody. The Subadviser shall advise the Custodian and confirm in writing to the Fund all investment orders for the Designated Series placed by it with brokers and dealers at the time and in the manner set forth in Schedule A hereto (as amended from time to time). The Fund shall issue to the Custodian such instructions as may be appropriate in connection with the settlement of any transaction initiated by the Subadviser. The Fund shall be responsible for all custodial arrangements and the payment of all custodial charges and fees, and, upon giving proper instructions to the Custodian, the Subadviser shall have no responsibility or liability with respect to custodial arrangements or the act, omissions or other conduct of the Custodian.

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