Common use of SAR Filing Procedures Clause in Contracts

SAR Filing Procedures. A. When UMBFS observes any Suspicious Activity, UMBFS shall prepare a draft of a SAR on Form SAR-SF, and shall use its best efforts to send a copy to the Trust’s AML officer for review no later than 20 days following the identification of such Suspicious Activity. UMBFS shall complete each SAR in accordance with the procedures set forth in 31 CFR §103.15(a)(3), with the intent to satisfy the reporting obligation of both UMBFS and the Trust. Accordingly, the SAR shall include the name of both UMBFS and the Trust, and shall include the words, “joint filing” in the narrative section. B. The Trust’s AML officer shall review the SAR and provide comments, if any, to UMBFS within a time frame sufficient to permit UMBFS to file the SAR in accordance with the deadline set forth in 31 CFR §103.15(b)(3). Upon receipt of final approval, UMBFS shall file the SAR in accordance with the procedures set forth in 31 CFR §103.15(b). C. UMBFS shall provide to the Trust a copy of each SAR filed, together with supporting documentation. In addition, UMBFS shall maintain a copy of the same for a period of five (5) years from the date of the SAR filing. D. Nothing in this Article VII shall prevent either party from making a determination that such party has an obligation under the Act to file a SAR relating to any Suspicious Activity, and from making such filing independent of the other party hereto.

SAR Filing Procedures. A. (A) When UMBFS Transfer Agent observes any Suspicious Activity, UMBFS Transfer Agent shall prepare a draft of a SAR on Form SAR-SF, and shall use its best efforts to send a copy to the Trust’s 's AML officer for review no later than 20 days following the identification of such Suspicious Activityreview. UMBFS Transfer Agent shall complete each SAR in accordance with the procedures set forth in 31 CFR §103.15(a)(3[section]103.15(a)(3), with the intent to satisfy the reporting obligation of both UMBFS Transfer Agent and the Trust. Accordingly, the SAR shall include the name of both UMBFS Transfer Agent and the Trust, and shall include the words, “"joint filing” " in the narrative section. B. (B) The Trust’s 's AML officer shall review the SAR and provide comments, if any, to UMBFS Transfer Agent within a time frame sufficient to permit UMBFS Transfer Agent to file the SAR in accordance with the deadline set forth in 31 CFR §103.15(b)(3)[section]103.15(b)(3) . Upon receipt of final approvalapproval from the Trust's AML officer, UMBFS Transfer Agent (or its affiliate) shall file the SAR in accordance with the procedures set forth in 31 CFR §103.15(b)[section]103.15(b) . C. UMBFS (C) Transfer Agent shall provide to the Trust a copy of each SAR filed, together with supporting documentation. In addition, UMBFS Transfer Agent shall maintain a copy of the same for a period of at least five (5) years from the date of the SAR filing. D. (D) Nothing in this Article VII Agreement shall prevent either party from making a determination that such party has an obligation under the USA PATRIOT Act of 2001 to file a SAR relating to any Suspicious Activity, and from making such filing independent of the other party hereto.

SAR Filing Procedures. A. When UMBFS observes any Suspicious Activity, UMBFS shall prepare a draft of a SAR on Form SAR-SF, and shall use its best efforts to send a copy to the Trust’s AML officer for review no later than 20 days following the identification of such Suspicious Activity. UMBFS shall complete each SAR in accordance with the procedures set forth in 31 CFR §103.15(a)(3), with the intent to satisfy the reporting obligation of both UMBFS and the Trust. Accordingly, the SAR shall include the name of both UMBFS and the Trust, and shall include the words, “joint filing” in the narrative section. B. The Trust’s AML officer shall review the SAR and provide comments, if any, to UMBFS within a time frame sufficient to permit UMBFS to file the SAR in accordance with the deadline set forth in 31 CFR §103.15(b)(3). Upon receipt of final approval, UMBFS shall file the SAR in accordance with the procedures set forth in 31 CFR §103.15(b). C. UMBFS shall provide to the Trust a copy of each SAR filed, together with supporting documentation. In addition, UMBFS shall maintain a copy of the same for a period of five (5) years from the date of the SAR filing. D. Nothing in this Article VII shall prevent either party from making a determination that such party has an obligation under the Act to file a SAR relating to any Suspicious Activity, and from making such filing independent of the other party hereto.

SAR Filing Procedures. A. (A) When UMBFS observes any Suspicious Activity, UMBFS shall prepare a draft of a SAR on Form SAR-SF, and shall use its best efforts to send a copy to the Trust’s 's AML officer for review no later than 20 days following the identification of such Suspicious Activityreview. UMBFS shall complete each SAR in accordance with the procedures set forth in 31 CFR §103.15(a)(3§ I 03.1 S(a)(3), with the intent to satisfy the reporting rep011ing obligation of both UMBFS and the Trust. Accordingly, the SAR shall include the name of both UMBFS and the Trust, and shall include the words, “"joint filing” " in the narrative section. B. (B) The Trust’s 's AML officer shall review the SAR and provide comments, if any, to UMBFS within a time frame sufficient to permit petmit UMBFS to file the SAR in accordance with the deadline set forth fotih in 31 CFR §103.15(b)(3103.l S(b)(3). Upon receipt of final approvalapproval from the Trust's AML officer, UMBFS (or its affiliate) shall file the SAR in accordance with the procedures set forth in 31 CFR §103.15(b§ 103.1S(b). C. (C) UMBFS shall provide to the Trust a copy of each SAR filed, together with supporting documentation. In addition, UMBFS shall maintain a copy of the same for a period of at least five (5) years from the date of the SAR filing. D. (D) Nothing in this Article VII Agreement shall prevent either party from making a determination that such party has an obligation under the USA PATRIOT Act of 2001 to file a SAR relating to any Suspicious Activity, and from making such filing independent of the other party hereto.