Common use of Confirmations and 1934 Act Compliance Clause in Contracts

Confirmations and 1934 Act Compliance. NW, as agent for Distributor, shall prepare and disseminate to Contract purchasers transaction confirmations in accordance with policies and procedures that are agreed upon by the parties. Such policies and procedures shall be reasonably designed to achieve compliance with Rule 10b-10 under the 1934 Act and any other laws, rules and regulations that are applicable to the delivery of transaction information to Contract owners. NW, or its appointed designee, shall maintain and preserve such books and records with respect to such confirmations in conformity with the requirements of Rules 17a-3 and 17a-4 under the 1934 Act to the extent such requirements apply. NW, and its appointed designee, shall maintain, as agent for Distributor, such other books and records of Distributor pertaining to the offer and sale of the Contracts and required by the 1934 Act as may be mutually agreed upon by NW and Distributor, including but not limited to maintaining records of Representatives and of the payment of commissions and other payments or service fees to Representatives. NW and its appointed designee, shall maintain all such books and records and hold such books and records on behalf of and as agent for Distributor whose property they are. NW acknowledges that such books and records are at all times subject to inspection by the SEC in accordance with Section 17(a) of the 1934 Act, FINRA, and by all other regulatory bodies having jurisdiction over the Contracts or Distributor.

Confirmations and 1934 Act Compliance. NWIssuer, or its appointed designee, as agent for Distributor, shall prepare send written confirmation to each applicant for and disseminate to purchaser of a Contract purchasers transaction confirmations in accordance with policies with, and procedures that are agreed upon by the parties. Such policies in such form and procedures shall be reasonably designed to achieve compliance with containing such information and statements as set forth in, Rule 10b-10 under the 1934 Act Act, SEC Release No. 34-8389, and any other laws, rules and regulations that are applicable to SEC or FINRA rule requiring the delivery of transaction such information to Contract ownersand statements. NW, or its appointed designee, Issuer shall maintain and preserve such books and records with respect to such confirmations in conformity with the requirements of SEC Release No. 34-8389 and Rules 17a-3 and 17a-4 under the 1934 Act to the extent such requirements apply. NW, and its appointed designee, Issuer also shall maintain, as agent for Distributor, such other books and records of Distributor pertaining to the offer and sale of the Contracts and required by the 1934 Act as may be mutually agreed upon by NW Issuer and Distributor, including but not limited to maintaining records of Representatives and of the payment of commissions and other payments or service fees to RepresentativesRepresentatives and Selling Firms. NW and its appointed designee, Issuer shall maintain all such books and records and hold such books and records on behalf of and as agent for Distributor whose property they are. NW , and acknowledges that such books and records are at all times subject to inspection by the SEC in accordance with Section 17(a) of the 1934 Act, FINRA, and by all other regulatory bodies having jurisdiction over the Contracts or Distributor.