Discretionary Managed Account definition

Discretionary Managed Account means a Personal Account (as defined below) for which an Employee has completely relinquished decision-making authority to a professional money manager (who is not a Family Member or not otherwise covered by this Code), and over which the Employee has no direct or indirect influence or control. Such Discretionary Managed Accounts are often referred to as “professionally managed,” “controlled” or “managed” accounts.

Discretionary Managed Account means trading accounts that falls into one of two categories:

Discretionary Managed Account means an account for which the Employee has designated investment discretion entirely to a third party. In such account, the Employee cannot exercise any investment discretion in the purchase or sale of securities.

Examples of Discretionary Managed Account in a sentence

• In order to establish a Discretionary Managed Account, you must grant the manager complete investment discretion over your account.

• In order to establish a Discretionary Managed Account, you must grant to the manager complete investment discretion over your account.

• A Discretionary Managed Account Agreement may establish general investment objectives.

• In order to establish a Discretionary Managed Account, a Covered Person must grant the manager complete investment discretion over a Covered Person’s account.

• If the account owner has granted management of their Discretionary Managed Account to a third party, then the account owner must not influence or control the account, such as by suggesting purchases or sales of investments, directing transactions, or consulting with the manager regarding allocation of investments in any way that could affect the selection of specific securities.

• Discretionary Managed Accounts Access Persons and Investment Persons must disclose Discretionary Managed Accounts to the Personal Trading Compliance Team and must provide a copy of the executed Discretionary Managed Account Agreement for review and approval.

• The financial professional responsible for the Discretionary Managed Account may be required to submit a separate certification to the Personal Trading Compliance Team regarding the account.

• Employees who reported and have received approval to maintain a Discretionary Managed Account are required to complete a periodic certification to the effect that they have not influenced the purchase and sale of investments as noted in the paragraph above.

• To open a Morgan Stanley Discretionary Managed Account, you must submit the appropriate Discretionary Managed Account form, along with the required documentation (i.e. the advisory agreement or contract with the manager) to Compliance.

• Please see definition for Blind Trust and/or Discretionary Managed Account as defined in the Definitions section above.

More Definitions of Discretionary Managed Account

Discretionary Managed Account means an account for which an Access Person has a beneficial interest but has completely and fully granted decision-making authority to a third party investment adviser (who is not an immediate family member or not otherwise covered by this Code, although the Adviser may be retained in such a capacity by an Access Person – subject, of course, to the terms of this Code), and over which the Access Person does not have direct or indirect influence or control. The third party investment adviser must exercise all trading discretion over the account and will not accept any order to buy or sell specific securities from the Access Person or from any person on behalf of the Access Person. Such account is reportable to the CCO, but may be exempt from pre-clearance only if the CCO is satisfied that such account is truly discretionary. The Access Person may be required to provide the CCO with a copy of the executed contract that grants such authority to the third party investment adviser.

Discretionary Managed Account means an account managed on a discretionary basis by a person other than the Supervised Person over which the Supervised Person certifies that he or she has no direct or indirect influence or control over the selection or disposition of securities and no knowledge of transactions, and documentation describing that relationship has been submitted to and approved by the CCO.

Discretionary Managed Account means a Covered Securities account that is managed on a discretionary basis by an external manager, investment adviser or trustee, where you do not exercise direct or indirect investment control or influence over the investment decisions.

Discretionary Managed Account means a Personal Account for which an Employee has completely relinquished decision-making authority to a professional money manager (who is not a Family Member or not otherwise covered by this Code) and over which the Employee has no direct or indirect influence or control. Such Discretionary Managed Accounts are often referred to as “professionally managed,” “controlled” or “managed” accounts.”Domestic Partner” means an individual, at least 18 years of age, with whom an Employee:·resides with as if married and intends to do so indefinitely;·lives with as a domestic partner for 12 consecutive months;·shares financial responsibilities and expenses; or·is not related any closer than would make the marriage illegal.”Employee” means any person who is an Employee of OFI or a “supervised person” of an adviser, as defined in the Investment Advisers Act. For purposes of the Code, all Employees are considered “Access Persons” as that term is defined in Rule 17j-1 under the Investment Company Act.This policy is proprietary and may not be distributed to, or shared with, any third parties, unless required by applicable law or approved by the OFI Compliance Department. Please direct all questions regarding OFI policies and procedures to the OFI Compliance Department at ML-Policy and Procedure.

Discretionary Managed Account means an account for which the Supervised Person has designated investment discretion entirely to a third party (i.e., an investment manager). In such account, the Supervised Person does not have the ability to exercise any investment discretion over the purchase or sale of securities.

Discretionary Managed Account means the account of a client for which a person makes investment decisions, to the extent that he or she has the discretionary power to carry out transactions in securities without having to obtain the consent of the client to each operation;