Vulnerable Clients and Temporary Holds Vulnerable Sample Clauses

Vulnerable Clients and Temporary Holds Vulnerable. Clients As per applicable securities law, vulnerable clients are those clients that may have an illness, impairment, disability or aging-process limitation that places the client at risk of financial exploitation. CFIS is committed to protecting the integrity of vulnerable client accounts through multiple measures, including: • Enhanced “Know Your Client (KYC)” information collection measures, • The request to designate a “trusted contact person” in connection with client accounts, • Enhanced disclosures relating to CFIS conflicts of interest that are resolved in the best interests of the client, as well as enhanced product offering details, and • The use of “temporary holds” when it is suspected that a client’s account is the object of financial exploitation or is otherwise at risk of being compromised. Temporary Holds “Temporary Holds” may be used by CFIS as a way to protect the integrity of client accounts, especially in the context of accounts that are held by clients that fall into the definition of being “vulnerable”, as described above. For clarity, temporary holds are ones that are placed on the purchase or sale of a security on behalf of the client, or on a withdrawal or transfer of cash or securities from a clients account. Temporary holds are intended to be specific to certain transactions, and not blanket account freezes. Temporary holds will only be placed in situations where CFIS reasonably believes that a client is a) a vulnerable client, and b) the financial exploitation of the client has occurred, is occurring, has been attempted or is presently being attempted. CFIS may also place a temporary hold on a clients account if it is reasonably believed that the client lacks mental capacity to make decisions involving financial matters. If CFIS places a temporary hold on a client account, we will also: • Document the reasons for such a hold and its need for continued application, • Provide notice to the client of the temporary hold as soon as is practicable after it has been imposed, • Review all relevant facts related to the circumstances giving rise to the temporary hold on a reasonably frequent basis to determine the ongoing need to have it in place, and, • At any rate, within 30 days of placing the temporary hold, and, until the temporary hold is revoked, within every subsequent 30 day period, either: • Revoke the temporary hold, or • Provide the client with notice of CFIS’s decision to continue the temporary hold, along with all applicable ...
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Related to Vulnerable Clients and Temporary Holds Vulnerable

  • SAFEGUARDING CHILDREN AND VULNERABLE ADULTS 8.1 The Service Provider will have ultimate responsibility for the management and control of any Regulated Activity provided under this agreement and for the purposes of the Safeguarding Vulnerable Groups Xxx 0000.

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  • Confidential System Information HHSC prohibits the unauthorized disclosure of Other Confidential Information. Grantee and all Grantee Agents will not disclose or use any Other Confidential Information in any manner except as is necessary for the Project or the proper discharge of obligations and securing of rights under the Contract. Grantee will have a system in effect to protect Other Confidential Information. Any disclosure or transfer of Other Confidential Information by Xxxxxxx, including information requested to do so by HHSC, will be in accordance with the Contract. If Grantee receives a request for Other Confidential Information, Xxxxxxx will immediately notify HHSC of the request, and will make reasonable efforts to protect the Other Confidential Information from disclosure until further instructed by the HHSC. Grantee will notify HHSC promptly of any unauthorized possession, use, knowledge, or attempt thereof, of any Other Confidential Information by any person or entity that may become known to Grantee. Grantee will furnish to HHSC all known details of the unauthorized possession, use, or knowledge, or attempt thereof, and use reasonable efforts to assist HHSC in investigating or preventing the reoccurrence of any unauthorized possession, use, or knowledge, or attempt thereof, of Other Confidential Information. HHSC will have the right to recover from Grantee all damages and liabilities caused by or arising from Grantee or Grantee Agents’ failure to protect HHSC’s Confidential Information as required by this section. IN COORDINATION WITH THE INDEMNITY PROVISIONS CONTAINED IN THE UTC, Xxxxxxx WILL INDEMNIFY AND HOLD HARMLESS HHSC FROM ALL DAMAGES, COSTS, LIABILITIES, AND EXPENSES (INCLUDING WITHOUT LIMITATION REASONABLE ATTORNEYS’ FEES AND COSTS) CAUSED BY OR ARISING FROM Grantee OR Grantee AGENTS FAILURE TO PROTECT OTHER CONFIDENTIAL INFORMATION. Grantee WILL FULFILL THIS PROVISION WITH COUNSEL APPROVED BY HHSC.

  • Reporting of Non-Force Majeure Events Each Party (the “Notifying Party”) shall notify the other Parties when the Notifying Party becomes aware of its inability to comply with the provisions of this Agreement for a reason other than a Force Majeure event. The Parties agree to cooperate with each other and provide necessary information regarding such inability to comply, including the date, duration, reason for the inability to comply, and corrective actions taken or planned to be taken with respect to such inability to comply. Notwithstanding the foregoing, notification, cooperation or information provided under this Article shall not entitle the Party receiving such notification to allege a cause for anticipatory breach of this Agreement.

  • Access to Personal Information by Subcontractors Supplier agrees to require any subcontractors or agents to which it discloses Personal Information under this Agreement or under any SOW to provide reasonable assurance, evidenced by written contract, that they will comply with the same or substantially similar confidentiality, privacy and security obligations with respect to such Personal Information as apply to Supplier under this Agreement or any SOW. Supplier shall confirm in writing to DXC that such contract is in place as a condition to DXC’s approval of use of a subcontractor in connection with any SOW. Upon request of DXC, Supplier will provide to DXC a copy of the subcontract or an extract of the relevant clauses. Supplier shall ensure that any failure on the part of any subcontractor or agent to comply with the Supplier obligations under this Agreement or any SOW shall be grounds to promptly terminate such subcontractor or agent. If during the term of this Agreement or any SOW, DXC determines, in its exclusive discretion, that any Supplier subcontractor or agent cannot comply with the Supplier obligations under this Agreement or with any SOW, then DXC may terminate this Agreement in whole or in part (with respect to any SOW for which such subcontractor or agent is providing services), if not cured by Supplier within the time prescribed in the notice of such deficiency.

  • Safeguarding and Protecting Children and Vulnerable Adults The Supplier will comply with all applicable legislation and codes of practice, including, where applicable, all legislation and statutory guidance relevant to the safeguarding and protection of children and vulnerable adults and with the British Council’s Child Protection Policy, as notified to the Supplier and amended from time to time, which the Supplier acknowledges may include submitting to a check by the UK Disclosure & Barring Service (DBS) or the equivalent local service; in addition, the Supplier will ensure that, where it engages any other party to supply any of the Services under this Agreement, that that party will also comply with the same requirements as if they were a party to this Agreement.

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