In the Fund`s name, enter into agreements with intermediaries holding shares in omnibus accounts in order to comply with Article 22 quater-2 of the “40 Act” (“shareholder information agreement”), unless that mediator imposes excessive trade policy on the funds or has an acceptable alternative policy or has no accounts other than those covered by the directive. Receiving orders through the new York Stock Exchange (“NYSE”) on a day when the NYSE is open (or any other period determined by the Fund) is considered to be the receipt of the fund for the net inventory value of that day, to the extent that this is admissible by Rule 22 quater-1 of the Investment Corporation Act 1940 (“40 Act”) and by the agreement between Price Services and the intermediary.” To comply with Rule 22-2 of Act `40 (5), a shareholder information pact refers to a written agreement that is accepted by a financial intermediary: the term “intermediation” refers to a “financial institution” within the meaning of SEC Rule 22c-2. iii) Do everything in your power to determine without delay, at the request of the Fund , if a particular person through which he or she received the identifying and transaction information referred to in paragraph (c) (i) of this section is itself a financial intermediary (“indirect intermediary”) and, at the subsequent request of the Fund: Fund companies can expect improvements in the insurgency FundsNetwork.com the real-time business instrument (RTTA). We are still hearing positive feedback on our RTTA reports and plan to build on this by expanding search functions and adding more robust features that significantly improve a fund company`s oversight process. We will provide more details on future RTTA updates as we move closer to the 22c-2 rule implementation date. As you know, we have requested your participation in our 22c-2 rule investigation. Responses to this survey are used only to determine the most pleasant conditions for all fund companies and to facilitate the contracting process. For those who have completed the survey, we appreciate your participation and your feedback has proven invaluable. (i) immediately, at the request of a fund, the taxpayer`s identification number (or, in the case of non-U.S. shareholders, if the tax identification number is not available, the International Taxpayer Identification Number or any other government-issued identifier) of all shareholders who purchased, exchanged, transferred or exchanged units of funds held through an account with the financial intermediary , as well as the amount and data of these purchases. , solutions, transfers and exchanges; (ii) execute all of the Fund`s instructions to limit or prohibit the continuation of the purchase or exchange of units of funds by a shareholder identified by the Fund as transactions of units of funds (directly or indirectly through the intermediary`s account) and contrary to the Policies established by the Fund to eliminate or reduce the value of outstanding securities issued by the Fund; and FundsNetwork approach Here at Fidelity, the FundsNetwork team is working with National Financial Services (NFS) to develop a standard modeling agreement for all fund companies, specific to Rule 22c-2, based on the model recently published by the Investment Company Institute (ICI) and the Securities Industry Association (SIA).
In the development of this project, NFS aims to incorporate standards that the majority of fund companies can adopt. Introduction As we all know, fund companies and financial intermediaries will do a great deal of work across the industry to prepare for compliance with the dry redemption fee rule (Rule 22c-2), which is due to be implemented on October 16, 2006.