Individual Distributor definition

Individual Distributor means individuals, who have passed the requisite certification examination conducted by an organization approved by the Commission for this purpose and who are duly registered with MUFAP. They include any persons dealing in mutual fund units or any staff, employee or officers under a contract of employment with an Institutional Distributor and who are duly registered with and authorized by MUFAP to market and distribute mutual fund units. This term shall also apply to the approved agents of the AMCs/CISs.;
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Individual Distributor means individuals, who have passed the requisite certification examination conducted by an organization approved by the Commission for this purpose and who are duly registered with MUFAP as Registered Service Providers;
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Examples of Individual Distributor in a sentence

  • Individual Distributor customer service agents assisting customers will be empowered to resolve service complaints and problems.

  • No right to complain under Article 6 will arise in any instance where written notice in accordance with the Individual Distributor Agreement has been provided to the Distributor.

  • Distributor further covenants, represents and warrants that if, during the Term, it, or any of its employees or agents performing hereunder, become or are the subject of a proceeding that could lead to a person becoming, as applicable, a Debarred Entity or Debarred Individual, an Excluded Entity or Excluded Individual or a Convicted Entity or Convicted Individual, Distributor shall immediately notify ▇▇▇▇▇▇ Nutrition, and ▇▇▇▇▇▇ Nutrition shall have the right to terminate this Agreement immediately.