Common use of SAR Filing Procedures Clause in Contracts

SAR Filing Procedures. (A) When Transfer Agent observes any Suspicious Activity, Transfer Agent shall prepare a draft of a SAR on FinCEN SAR Form 111, and shall send a copy to the Fund’s AML officer for review. Transfer Agent shall complete each SAR in accordance with the procedures set forth in 31 CFR § 1024.320(a)(3), with the intent to satisfy the reporting obligation of both Transfer Agent and the Fund. Accordingly, the SAR shall include the name of both Transfer Agent and the Fund, and shall include the words, “joint filing” in the narrative section. (B) The Fund’s AML officer shall review the SAR and provide comments, if any, to Transfer Agent within a time frame sufficient to permit Transfer Agent to file the SAR in accordance with the deadline set forth in 31 CFR § 1024.320(b)(3). Transfer Agent will provide reasonable notice to the Fund’s AML officer regarding any such SAR filing and time to review the same. Upon receipt of final approval from the Fund’s AML officer, Transfer Agent (or its affiliate) shall file the SAR in accordance with the procedures set forth in 31 CFR § 1024.320(b). (C) Transfer Agent shall provide to the Fund a copy of each SAR filed, together with supporting documentation. In addition, 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) Nothing in this 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 Transfer Agent observes any Suspicious Activity, Transfer Agent shall prepare a draft of a SAR on FinCEN SAR Form 111SAR-SF, and shall send a copy to the FundTrust’s AML officer for review. Transfer Agent shall complete each SAR in accordance with the procedures set forth in 31 CFR § 1024.320(a)(3§103.15(a)(3), with the intent to satisfy the reporting obligation of both Transfer Agent and the FundTrust. Accordingly, the SAR shall include the name of both Transfer Agent and the FundTrust, and shall include the words, “joint filing” in the narrative section. (B) The FundTrust’s AML officer shall review the SAR and provide comments, if any, to Transfer Agent within a time frame sufficient to permit Transfer Agent to file the SAR in accordance with the deadline set forth in 31 CFR § 1024.320(b)(3§103.15(b)(3). Transfer Agent will provide reasonable notice to the FundTrust’s AML officer regarding any such SAR filing and time to review the same. Upon receipt of final approval from the FundTrust’s AML officer, Transfer Agent (or its affiliate) shall file the SAR in accordance with the procedures set forth in 31 CFR § 1024.320(b§103.15(b). (C) Transfer Agent shall provide to the Fund Trust a copy of each SAR filed, together with supporting documentation. In addition, 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) Nothing in this 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 Transfer Agent UMBFS observes any Suspicious Activity, Transfer Agent UMBFS shall prepare a draft of a SAR on FinCEN SAR Form 111SAR-SF, and shall send a copy to the FundTransfer Agent’s AML officer for review. Transfer Agent UMBFS shall complete each SAR in accordance with the procedures set forth in 31 CFR § 1024.320(a)(3§103.15(a)(3), with the intent to satisfy the reporting obligation of both each UMBFS, the Transfer Agent and the FundCorporation. Accordingly, the SAR shall include the name of both each UMBFS, the Transfer Agent and the FundCorporation, and shall include the words, “joint filing” in the narrative section. (B) The FundTransfer Agent shall direct the Corporation’s AML officer shall to review the SAR and provide comments, if any, to Transfer Agent UMBFS within a time frame sufficient to permit Transfer Agent UMBFS to file the SAR in accordance with the deadline set forth in 31 CFR § 1024.320(b)(3§103.15(b)(3). Transfer Agent will provide reasonable notice to the Fund’s AML officer regarding any such SAR filing and time to review the same. Upon receipt of final approval from the FundCorporation’s AML officer, Transfer Agent UMBFS (or its affiliate) shall file the SAR in accordance with the procedures set forth in 31 CFR § 1024.320(b§103.15(b). (C) Transfer Agent UMBFS shall provide to the Fund Transfer Agent a copy of each SAR filed, together with supporting documentation. In addition, Transfer Agent 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) Nothing in this Sub-TA 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 Transfer Agent observes any Suspicious Activity, Transfer Agent shall prepare a draft of a SAR on FinCEN SAR Form 111, and shall send a copy to the FundTrust’s AML officer for review. Transfer Agent shall complete each SAR in accordance with the procedures set forth in 31 CFR § 1024.320(a)(3), with the intent to satisfy the reporting obligation of both Transfer Agent and the FundTrust. Accordingly, the SAR shall include the name of both Transfer Agent and the FundTrust, and shall include the words, “joint filing” in the narrative section. (B) The FundTrust’s AML officer shall review the SAR and provide comments, if any, to Transfer Agent within a time frame sufficient to permit Transfer Agent to file the SAR in accordance with the deadline set forth in 31 CFR § 1024.320(b)(3). Transfer Agent will provide reasonable notice to the FundTrust’s AML officer regarding any such SAR filing and time to review the same. Upon receipt of final approval from the FundTrust’s AML officer, Transfer Agent (or its affiliate) shall file the SAR in accordance with the procedures set forth in 31 CFR § 1024.320(b). (C) Transfer Agent shall provide to the Fund Trust a copy of each SAR filed, together with supporting documentation. In addition, 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) Nothing in this 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.