eligible foreign securities depository definition
eligible foreign securities depository means a securities depository or clearing agency, incorporated or organized under the laws of a country other than the United States, which is supervised or regulated by that country's government or an agency thereof or other regulatory authority in the foreign jurisdiction having authority over such depositories or clearing agencies and which is described in paragraph (c)(2) of the Department of Labor Regulations Section 2550.404b-1.
eligible foreign securities depository means a securities depository or clearing agency, incorporated or organized under the laws of a country other than the United States, which operates (i) the central system for handling securities or equivalent book-entries in that country, or (ii) a transnational system for the central handling of securities or equivalent book-entries. The Customer represents that its Board of Directors has approved each of the Subcustodians listed in Schedule B to this Agreement and the terms of the subcustody agreements between the Bank and each Subcustodian, which are attached as Exhibits I through of Schedule B, and further represents that its Board has determined that the use of each Subcustodian and the terms of each subcustody agreement are consistent with the best interests of the Fund(s) and its (their) shareholders. The Bank will supply the Customer with any amendment to Schedule B for approval. As requested by the Bank, the Customer will supply the Bank with certified copies of its Board of Directors resolution(s) with respect to the foregoing prior to placing Assets with any Subcustodian so approved.
eligible foreign securities depository means a securities depository or clearing agency, incorporated or organized under the laws of a country other than the United States, which operates (i) the central system for handling securities or equivalent book-entries in that country, or (ii) a transnational system for the central handling of securities or equivalent book-entries. Customer represents that its Board of Directors has approved each of the Subcustodians listed in Schedule A hereto and the terms of the subcustody agreements between Bank and each Subcustodian, which are attached as Exhibits I through of Schedule A, and further represents that its Board has determined that the use of each Subcustodian and the terms of each subcustody agreement are consistent with the best interests of the Fund(s) and its (their) shareholders. Bank shall supply Customer with any amendment to Schedule A for approval. Customer has supplied or shall supply Bank with certified copies of its Board of Directors resolution(s) with respect to the foregoing prior to placing Assets with any Subcustodian so approved.
More Definitions of eligible foreign securities depository
eligible foreign securities depository means an Eligible Securities Depository as defined in Rule 17f-7 under the 1940 Act.
eligible foreign securities depository means a securities depository or clearing agency, incorporated or organized under the laws of a country other than the United States, which operates (i) the central system for handling securities or equivalent book-entries in that country, or (ii) a transnational system for the central handling of securities or equivalent book-entries. The Customer represents that its Board of Directors has approved each of the Subcustodians listed in Schedule A to this Agreement and the terms of the subcustody agreements between the Bank and each Subcustodian, and further represents that its Board has determined that the use of each Subcustodian and the terms of each subcustody agreement are consistent with the best interests of the Fund(s) and its (their) shareholders. The Bank will supply the Customer with any amendment to Schedule A for approval. The Customer has supplied or will supply the Bank with certified copies of its Board of Directors resolution(s) with respect to the foregoing prior to placing Assets with any Subcustodian so approved.
eligible foreign securities depository means a foreign Securities Depository that meets the eligibility requirements of Paragraph 5 hereof.
eligible foreign securities depository. ("Depository") shall mean a securities depository or clearing agency incorporated or organized under the laws of a country other than the United States which operates (i) the central system for handling securities or equivalent book-entries in that country, or (ii) a transnational system for the central handling of securities or equivalent book-entries.
eligible foreign securities depository means a securities depository or clearing agency, incorporated or organized under the laws of a country other than the United States, which operates (i) the central system for handling securities or equivalent book-entries in that county or (ii) a transnational system for the central handling of securities or equivalent book-entries. The Custodian represents that the Board of each Customer has approved each of the Subcustodians listed in Schedule A to this Agreement and the terms of each subcustody agreement between Barclays and each Subcustodian, and further represents that each Board has determined that the use of each Subcustodian and the terms of each subcustody agreement are consistent with the best interests of the Customer's fund(s) and its (their) shareholders, in each case, to the extent required by the Act. Barclays will supply the Custodian with any amendment to Schedule A for approval and will supply the Custodian and, at the Custodian's request, each Customer's Board of Directors, with information reasonably necessary to determine such new Subcustodian's eligibility under Rule 17f-5, including a copy of the proposed agreement with such Subcustodian. Each Customer has supplied or will supply the Custodian with certified copies of its Board resolutions, with respect to the foregoing, prior to placing Assets of such Customer with any Subcustodian so approved. If Barclays intends to remove any Subcustodian previously approved, it shall so notify the Custodian and shall move the Securities and other assets to another Subcustodian previously approved or to a new Subcustodian, subject to the requirements set forth in this paragraph. Barclays shall take steps as may be required to remove any Subcustodian which has ceased to meet the requirements of Rule 17f-5. Barclays hereby warrants to the Customers and the Custodian that in its opinion, after due inquiry, the established procedures to be followed by each of its branches, each branch of a qualified U.S. bank, each eligible foreign custodian and each eligible foreign securities depository holding Securities pursuant to this Agreement afford protection for such Securities not materially different than that provided with respect to similar securities held by Barclays (and its securities depositories) in the United States. The Custodian acknowledges that Barclays, in accordance with orders of the Commission (Investment Company Act Release No. IC-16536 August 24, 1988 and No. IC-17268 December 19, 1989),...
eligible foreign securities depository means a securities depository or clearing agency, incorporated or organized under the laws of a country other than the United States: (i) that acts as a system for the central handling of securities or equivalent book-entries in that country and that is regulated by a foreign financial regulatory authority as defined under section 2(a)(50) of the 1940 Act or (ii) to the extent acting as a transnational system for the central handling of securities or equivalent book-entries. Customer represents that its Board of Directors has approved each of the Subcustodians listed in Schedule B to this Agreement and the terms of the subcustody agreements between Bank and each Subcustodian, which are attached as Exhibits I through of Schedule B, and further represents that its Board has determined that the use of each: (a) Subcustodian and the terms of each subcustody agreement are consistent with the best interests of the Fund(s) and its (their) shareholders; and (b) securities depository is consistent with the best interests of the Fund(s) and its (their) shareholders. Bank will supply Customer with any amendment to Schedule B for approval. Customer has supplied or will supply Bank with certified copies of its Board of Directors resolution(s) with respect to the foregoing prior to placing Assets with any Subcustodian so approved.
eligible foreign securities depository means a securities depository or clearing agency, incorporated or organized under the laws of a country other than the United States, which operates (i) the central system for handling securities or equivalent book-entries in that country, or (ii) a transnational system for the central handling of securities or equivalent book-entries. Customer represents that its Board of Directors has approved each of the Subcustodians listed in Schedule A hereto, and further represents that its Board has determined that the use of each Subcustodian and the terms of each subcustody agreement are consistent with the best interests of the Fund(s) and its (their) shareholders. Bank shall supply Customer with any amendment to Schedule A for approval. Customer has supplied or shall supply Bank with certified copies of its Board of Directors resolution(s) with respect to the foregoing prior to placing Assets with any Subcustodian so approved.