BFDS definition
Examples of BFDS in a sentence
The BFDS Funds will obtain the agreement of BFDS to establish such communication and mutually agreed upon format(s) as may be necessary for the accurate transmission of the information for such record.
Compile daily reports of shareholder transactions from all sources (e.g., PSC, PMIL, BFDS, variable annuity agents, 401(k) administrators, third party record keepers) for entry into fund records .
The Transfer Agent, through its affiliate BFDS, shall perform the duties delegated hereunder in accordance with BFDS' anti-money laundering and customer identification procedures, as the same are amended and updated from time to time.
BFDS shall cause such policies and procedures to be reasonably designed to (i) ensure the security and confidentiality of the personal information; (ii) protect against anticipated threats or hazards to the security and integrity of the personal information; and (iii) protect against unauthorized access to or use of the personal information that could result in substantial harm or inconvenience to any customer of a Fund or CDI, as applicable.
Accordingly, BFDS, as the designated service provider for the Transfer Agent, shall develop and maintain (in furtherance of all of the services provided under this Agreement) policies and procedures for safeguarding any Fund or CDI Customer Data received, processed, stored or disposed of by BFDS constituting customer records and information (including, without limitation, any Customer NPI and consumer report information) (collectively, "personal information").
From time to time, in accordance with its own review or in response changes in applicable law, BFDS shall revise such policies and procedures in order that the services provided by BFDS hereunder are consistent with any law, rule or regulation applicable to its transfer agency business.
Each of the Funds, CSSI and CDI acknowledges that the Transfer Agent and BFDS are subject to 17 CFR 248.30(b) of Regulation S-P regarding the disposal of consumer report information and records.
On an annual basis, BFDS shall provide to the Fund, CSSI and CDI, as applicable, upon request, an agreed upon procedures report (or any successor report) of a third party independent auditing firm that shall address, among other topics, BFDS' compliance with policies and procedures for safeguarding personal information including Customer Data.
The Company shall upon instruction from the Trust subcontract for the performance hereof with an Agent selected by the Trust, other than BFDS or a provider of services selected by Company, as described in (2) above; provided, however, that the Company shall in no way be responsible to the Trust for the acts and omissions of the Agent.
ADDITIONAL INFORMATION ---------------------- Telephone Communications - All telephone communication between BFDS and the client will be handled on recorded telephone lines.