Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold British Pounds on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
Appears in 3 contracts
Samples: Depositary Trust Agreement (Currencyshares British Pound Sterling Trust), Trust Agreement (Currencyshares British Pound Sterling Trust), Trust Agreement (Currencyshares British Pound Sterling Trust)
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold British Pounds Japanese Yen on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
Appears in 2 contracts
Samples: Depositary Trust Agreement (Currencyshares Japanese Yen Trust), Depositary Trust Agreement (Currencyshares Japanese Yen Trust)
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold British Pounds Canadian Dollars on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
Appears in 2 contracts
Samples: Depositary Trust Agreement (Currencyshares Canadian Dollar Trust), Trust Agreement (Currencyshares Canadian Dollar Trust)
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold British Pounds Australian Dollars on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
Appears in 2 contracts
Samples: Depositary Trust Agreement (Currencyshares Australian Dollar Trust), Trust Agreement (Currencyshares Australian Dollar Trust)
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold British Pounds Hong Kong Dollars on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
Appears in 1 contract
Samples: Depositary Trust Agreement (CurrencyShares Hong Kong Dollar Trust)
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold British Pounds Russian Rubles on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
Appears in 1 contract
Samples: Depositary Trust Agreement (CurrencyShares Russian Ruble Trust)
Statement of Purpose; Duties and Powers of the Trust. (a) The Trust is a passive investment vehicle that is not actively managed. The sole purpose of the Trust is to hold British Pounds Singapore Dollars on behalf of the Registered Owners. The Trust shall have no directors or persons acting in similar capacity and no officers or employees, and shall act only through the Trustee and the Sponsor.
Appears in 1 contract
Samples: Depositary Trust Agreement (CurrencyShares Singapore Dollar Trust)
