Short-Term Trading. Investment Personnel and Fund Trustee’s shall not profit in the purchase and sale, or sale and purchase, of the same (or equivalent) security within sixty calendar days. Access persons shall not profit in the purchase and sale, or sale and purchase of any Destra Fund or Trust within sixty calendar days. Trades made in violation of this prohibition shall be unwound or, if that is impracticable, any profits must be disgorged to a charitable organization that is selected by the CCO or their designee.
Short-Term Trading. You understand that in the event you direct the liquidation of securities and such instructions result in short-term trading (e.g. units of an investment fund held in the account are sold or switched within 30 days of depositing funds into the account), the manager of an investment fund may charge a fee in accordance with the provisions set out in the applicable prospectus. We will pass on such short-term trading fees to you.
Short-Term Trading. Broker/Dealer shall abide by the provisions set forth in the Contract prospectuses regarding transfers of funds between investment options. Broker/Dealer represents and warrants that it has established and currently maintains internal control procedures to monitor and deter trading activities that seek to benefit from short-term price fluctuations or price irregularities, commonly referred to as market timing.
Short-Term Trading. Trust Entity shall:
(i) apply and remit to the applicable Fund any redemption fee charged by any of the Funds on a Client basis as described in the Funds’ prospectus;
(ii) use its best efforts, and cause the Clients to use their best efforts, to prevent short term trading in shares of any of the Funds that is inconsistent with the policies for such Fund described in the Prospectus;
(iii) make available to Company such information, and provide such certifications, as Company shall reasonably require to verify the application of redemption fees or absence of short term trading;
(iv) provide, promptly upon request by Company, the Taxpayer Identification Number of all shareholders that purchased, redeemed, transferred, or exchanged shares held through an account with Trust Entity, and the amounts and dates of such shareholder purchases, redemptions, transfers, and exchanges; and
(v) execute any instructions from Company to restrict or prohibit further purchases or exchanges of Fund shares by a shareholder who has been identified by Company as having engaged in transactions of Fund shares (directly or indirectly through Trust Entity’s account) that violate policies established by a Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding securities issued by the Fund.
Short-Term Trading. The parties hereto acknowledge that Company has adopted administrative procedures to discourage contract owners engaged in trading strategies that seek to benefit from short-term price fluctuations or price inefficiencies in the Portfolios ("Short-Term Trading"). The Company's Short-Term Trading policies applicable to the Variable Contract owners are disclosed in the Variable Contract prospectus, which may be amended from time to time by Company. The parties agree that the Variable Contracts are not intended to serve as vehicles for Short-Term Trading. The Company and the Fund agree to cooperate to deter transfer activity in the Portfolios where such activity occurs through the Variable Contracts and has been identified as abusive or following a "market timing" pattern. The Fund agrees to notify Company of transfer activity that the Fund deems to be Short-Term Trading activity. After receiving such notice from the Fund, Company agrees that it will cooperate with the Fund to limit Short-Term Trading to the extent permissible under the terms and conditions of its Variable Contracts and other governing laws.
Short-Term Trading. The Trust Company represents that it has adopted a policy (the “Short Term Trading Policy”) not to permit market timers or frequent traders to invest directly or beneficially in the Funds under the Plans. The Trust Company will enforce such Short-Term Trading Policy. The Trust Company represents that it has procedures in place to detect and prevent market timing and frequent trading with respect to direct or beneficial investment in the Funds under the Plans. The Trust Company will take all necessary steps under the terms of its agreements with the Plans to prevent such activity, including preventing a Plan Participant from beneficially investing in the Funds. The Trust Company agrees to cooperate with Series Trust to identify and discourage market timers and, to the extent supportable by its system, co-operate with Series Trust in addressing the Funds’ restrictions or prohibitions relating to frequent purchases or redemptions.
Short-Term Trading. The Service Provider understands and agrees that the Transfer Agent (on behalf of the Funds) may refuse to sell Shares to any person, or suspend or terminate the offering of Shares of any Funds if such action is required by law or by regulatory authorities having jurisdiction or is, in the sole discretion of the Fund, deemed necessary, desirable or appropriate. Without limiting the foregoing, the Transfer Agent reserves the right to reject any purchase order, including those purchase orders with respect to shareholders or accounts whose trading has been or may be disruptive to the Funds or that may otherwise adversely affect the Funds. The Service Provider agrees to use its reasonable best efforts to render assistance, and to cooperate with the Transfer Agent to achieve compliance with the Funds' policies and restrictions on short-term and/or excessive trading activity as they may be amended from time to time, or to the extent required by applicable regulatory requirements. In particular, the Service Provider understands that the Funds impose redemption fees on the redemption of Shares held for a short period of time as specified in each applicable Fund's prospectus, and the Service Provider agrees that, to the extent it makes such Funds available, it will ensure that any redemption with respect to shareholders or accounts will comply with such requirements.
Short-Term Trading. The Fund uses the share lot system to access redemption fees for certain funds. Upon request of the Fund, the Transfer Agent will provide the Fund with periodic reports on trading activity in the Fund based on parameters provided to the Transfer Agent by the Fund, as amended from time to time. The services to be performed by the Transfer Agent for the Fund hereunder will be ministerial only and the Transfer Agent shall have no responsibility for monitoring or reviewing market-timing activities. Additional short term trading services may be agreed upon by the parties from time to time upon mutual written agreement as to the scope and applicable fees for such services;
Short-Term Trading. Short-term trading of Oramed securities may be distracting to the person and may unduly focus the person on Oramed’s short-term stock market performance instead of Oramed’s long-term business objectives. For these reasons, any Insider of Oramed who purchases Oramed securities in the open market may not sell any Oramed securities of the same class during the six months following the purchase (or vice versa).
Short-Term Trading. Short term or speculative dealings are discouraged and securities bought or sold MAY NOT BE SOLD OR REPURCHASED WITHIN 30 CALENDAR DAYS WITHOUT SPECIFIC PERMISSION FROM AN AUTHORIZED SIGNATORY. The giving of permission will normally only be considered in the case of windfall shares, certain corporate actions and in extreme personal circumstances. Employees failing to adhere to the Short Term Trading Rule will be required to disgorge all profits arising on purchase and sales within the 30 calendar days to a charity of their choice. This prohibition includes any derivative or market equivalent in that security and is not contingent on the security being held by a client fund.
