Examples of Shared Employees in a sentence
Such Shared Employees generally offer recommendations regarding potential securities transactions to ING Entities’ advisory personnel in connection with client accounts.
Shared Employees are generally not required to comply with the reporting and certification requirements described below or to pre-clear their personal securities transactions with the ING IM Compliance Department, as long as they are subject to an affiliate’s code of ethics and the ING IM Compliance Department has access to their records.
If there are Shared Employees, the Adviser shall maintain errors and omissions and fidelity bond insurance policies providing reasonable coverage for its employee’s activities and shall provide copies of such policies to the Distributor.
If there are Shared Employees, one employee of the Adviser shall register as a principal of the Distributor and assist the Distributor in monitoring the marketing and sales activities of the Shared Employees.
Shared Employees should seek guidance on the foregoing restrictions from the Screening Officers to the extent that they are uncertain as to an appropriate course of action.