Custody of Investments. Acceptance of these terms confirms the appointment of PSIL as your custodian and provides authority for PSIL to hold your investment in safe custody, to transfer securities from your account to meet sales affected for your account, acceptance of offers, or other matters covered by our services and these terms and the Pershing Agreement. You acknowledge that PSIL does not accept responsibility for, or have any obligations in relation to, any monies or securities delivered by you until such monies or securities are received by PSIL or delivered into an account in the name of PSIL, its nominee or its agent. You consent that your investments will not be registered in your own name. Documents of title to your investments shall be held in physical or dematerialised form by PSIL or an Eligible Third Party. Your investments will be held in a safe custody account designated as a client asset account and will be registered either in the name of an eligible nominee company or eligible custodian selected by PSIL in accordance with the CBOI Client Assets Regulations. PSIL will exercise due skill, care and diligence in the selection, appointment and periodic review of any Eligible Third Party and the arrangements for holding and safekeeping of your investments. In exercising such due skill and care, PSIL undertakes an initial due diligence of such Eligible Third Parties which is then repeated on an annual basis. Such due diligence includes, but is not limited to, credit risk review, the review of the legal and regulatory framework in the country where such Eligible Third Party is appointed to act for PSIL and a review of the service provided to PSIL. Notwithstanding the foregoing, PSIL shall not be responsible for any acts, omissions or default of any such Eligible Third Party nominee company, custodian, sub- custodian, securities depositary, intermediate broker or settlement agent, clearing or settlement system or participant in such a system (other than an associate of PSIL) save where such a default is caused by fraud, wilful default, or negligence on the part of PSIL or its nominee company. PSIL may use the services of any custodian, securities depository, clearing or settlement system, any participant in such a system or any associate of PSIL, (each an “Third Party Custody Providers”) to provide custody services in relation to your investments. PSIL may also appoint sub-custodians (including sub-custodians overseas) being eligible custodians, to hold investments fo...
Custody of Investments. 4.1) You authorise Us to arrange for title to Client Assets to be registered or recorded in the name of: i) You (the Client), ii) a UK nominee company controlled by Us; an affiliated company of Us or; a third party with whom financial instruments are deposited; as bare trustee for each Client, or iii) We or one or more sub-custodians chosen by Us, provided We or the sub-custodian are prevented from registering or recording legal title as set out in i) or ii).
Custody of Investments. Acceptance of these terms provides authority for PSIL to hold your investment in safe custody, to transfer securities from your account to meet sales effected for your account, acceptance of offers, or other matters covered by our services and these terms and the Pershing Agreement. Where you have elected to use the safe custody services of PSIL, you consent that your investments will not be registered in your own name. Documents of title to your investments shall be held in physical or dematerialised form by PSIL or an Eligible Third Party. Your investments will be held in a safe custody account designated as a client asset account and will be registered either in the name of a nominee company owned by PSIL, a member of PSIL’s group, an exchange which is a regulated market, or an Eligible Third Party, in accordance with the CBOI Client Assets Requirements. PSIL will exercise due skill, care and diligence in the selection, appointment and periodic review of any Eligible Third Party and the arrangements for holding and safekeeping of your investments, but PSIL shall not be responsible for any acts, omissions or default of any such Eligible Third Party save where such a default is caused by fraud, wilful default or negligence on the part of PSIL or its nominee company. Although PSIL will seek to ensure that adequate arrangements are made to safeguard your ownership rights, especially in the event of its own insolvency, your investments may be at risk if an Eligible Third Party becomes insolvent. Xxxxxx does not accept liability or responsibility for the acts or omissions of the custodians or for the safe custody obligations of any third party (including any Eligible Third Party).
Custody of Investments. 9.1 The Manager shall appoint an Authorised Person permitted to do so under FSMA (who may be an associate of the Manager) to act as custodian of the Partnership’s Investments (“Custodian”).
Custody of Investments designations are correctly set up for your account for all investments. Cantor shall have no liability in respect of any loss in respect of currency holdings. Save for providing details of currency balances or profit or loss moves in the normal course when providing statements, Xxxxxx has no obligation to notify you of currency exposures or profit or loss movements. PSIL is part of the BNY Mellon group of companies and may use a group bank to hold client money on your behalf. Fractional shares can arise following Corporate Actions where the terms of the event applied to your original holding do not equal a whole number of new shares. As companies generally do not issue fractional amounts in shares, it may not always be possible for the fractional amount to be issued to you. This situation can occur where your assets are pooled and held in nominee. In these cases the nominee company will usually receive one allocation of shares or units for all of the clients in the appointed nominee who participate in an open offer, new issue, bonus, entitlement, rights issue or similar corporate action. The nominee company may also receive a small cash payment from the relevant company’s registrars in respect of any fractional entitlement. The shares or units received by the nominee will be allocated by us as follows: where the shares or units can only be transferred or registered in a whole number of shares or units, then we will allocate to your account such number of shares or units rounded down to the nearest whole number that we calculate, using the relevant company’s basis of allocation. Fractional shares will be sold and donated to charity of our choosing if the company does not offer cash in lieu. If the company does offer cash in lieu any shares or units remaining after we have made these allocations will be aggregated and sold. The resulting sale proceeds, together with any cash payment that may be received will be distributed pro-rata amongst the relevant clients. Subject to any applicable laws and regulations, Cantor reserve the right to deal with the sales proceeds and the cash payment (if any) as follows:
Custody of Investments. 15.1 All Investments of the Customer held by Mainspring will be recorded in an Investment Account for the Customer. The title of the Investment Account shall indicate that the Investments do not belong to Mainspring.
Custody of Investments. The Trustee shall be responsible for the safe custody of the Deposited Property held by it directly or held through any Special Purpose Vehicle. Any Authorised Investments forming part of the Deposited Property shall, whether in bearer or registered form, be paid or transferred to or to the order of the Trustee or a Special Purpose Vehicle forthwith on receipt by the Manager and be dealt with as the Trustee may think proper for the purpose of providing for the safe custody thereof. Xxxx constituting Deposited Property may be held in an account in the name of a Special Purpose Vehicle and operated by the Manager (or any delegate of the Manager) PROVIDED THAT the Trustee shall exercise due powers of oversight with regard to the same. The Trustee may act as custodian itself or may appoint such persons (including any Connected Person) as custodian or joint custodians (with the Trustee if acting as custodian or with any other custodian appointed by the Trustee) of the whole or any part of the Deposited Property and (where the Trustee is custodian) may appoint or (where the Trustee appoints a custodian) may empower such custodian or joint custodian (as the case may be) to appoint with prior consent in writing of the Trustee, sub-custodians. The fees and expenses of any such custodian, joint custodian or sub-custodian shall be paid out of the Deposited Property. The Trustee may at any time procure that:
Custody of Investments. The Trustee shall procure the deposit of all Investments and other property or assets acquired in relation to the Plan with the Custodian (or sub-custodian appointed by the Custodian) (or, in the discretion of the Trustee and upon approval by the Plan Sponsor another nominee) for safekeeping.
Custody of Investments. Sub-Custodians and Securities Systems Hubwise are responsible for the safe custody of all Assets held in your Account. Your Investments are registered in the name of a Nominee company, which will normally be Hubwise’s wholly owned Subsidiary, Hubwise Nominees Limited, or occasionally another Nominee Company or Securities System, as may be required for certain customers and certain asset classes, selected in accordance with FCA rules. Hubwise Nominees Limited is a non-trading company set up to hold Investments on behalf of Retail Clients. Hubwise are responsible and liable for its Nominee to the same extent as for its own acts, including for the avoidance of doubt, losses arising from fraud, wilful default or negligence. Your Investments will be registered in the same name as those of other Clients (pooled together with other Client investments). This means that Investments will not necessarily be immediately identifiable by way of separate certificates, physical documents or equivalent electronic entries on the register. In the event of an irreconcilable shortfall following the default of any Nominee responsible for pooled investments, you may not receive your full entitlement and may share in that shortfall pro rata. Hubwise has insurance in place to provide further protection to the Assets held in their Nominee to the value of £5,000,000 for each and every claim. The FSCS also provides compensation of up to £50,000 per investor for eligible claimants in respect of UK Securities and Funds held in custody. Hubwise may be required to give details (including your email address) and details of your shareholding to Companies House, the Registrar or Fund administrator. Investments will not be lent to a third party and they will not borrow money against them. You authorise Hubwise to maintain the Investments in the Account(s) directly or indirectly through custody accounts which have been established by Hubwise with any entity it and SCM agree to appoint as Sub-Custodian for the safekeeping, clearance and settlement of Investments located within or outside of the United Kingdom (individually, a Sub-Custodian). Any Investments held by a Sub-Custodian will be subject to the terms and conditions of the relevant agreement between Hubwise and any Sub-Custodian and may also be subject to the laws and regulations of another jurisdiction including a non-EEA jurisdiction. August 2019 24 Hubwise and SCM shall exercise reasonable skill, care and diligence in the selection ...
Custody of Investments. 11.1. Where you purchase Investment Products which are required to be held with a custodian (“Custody Assets”), you agree that we will arrange for a custodian to be appointed to safeguard and administer the Custody Assets and to otherwise act as custodian of the Custody Assets. We shall not be liable or responsible for any act or omission of any Custodian or Sub- custodian or any of their personnel or agents in connection with the Investments in their custody.
