Foreign Custody Manager definition

Foreign Custody Manager has the meaning set forth in section (a)(3) of Rule 17f-5.

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Foreign Custody Manager means the Fund’s foreign custody manager appointed pursuant to Rule 17f-5 of the 1940 Act.

Foreign Custody Manager shall have the meaning assigned to it in Rule 17f-5.

Examples of Foreign Custody Manager in a sentence

• At the request of Customer, Bank may, but need not, add to Schedule 1 an Eligible Foreign Custodian where Bank has not acted as Foreign Custody Manager with respect to the selection thereof.

• BNY accepts the Board’s delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Fund’s foreign assets would exercise acting without bad faith, negligence, willful misconduct, willful misfeasance, fraud or reckless disregard of its duties and obligations under this Agreement (“Standard of Care”).

• BNY accepts the Board’s delegation of Responsibilities with respect to each Specified Country and agrees in performing the Responsibilities as a Foreign Custody Manager to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of the Funds’ assets would exercise.

More Definitions of Foreign Custody Manager

Foreign Custody Manager has the meaning set forth in Section (a)(3) of Rule 17f-5 promulgated under the 1940 Act.

Foreign Custody Manager or "FCM" has the meaning set forth in section (a)(2) of Rule 17f-5.

Foreign Custody Manager means a Foreign Custody Manager as defined in Rule 17f-5(a)(3) under the 1940 Act.

Foreign Custody Manager has the meaning set forth in section (a)(3) of Rule 17f-5 (as such term may be interpreted or modified by appropriate action of the SEC).

Foreign Custody Manager has the same meaning as in Rule 17f-5 under the 1940 Act.

Foreign Custody Manager has the meaning set forth in section (a)(3) of Rule 17f-5. “Rule 17f-5” means Rule 17f-5 promulgated under the 1940 Act.

Foreign Custody Manager has the meaning set forth in section (a)(2) of Rule 17f-5; it is a Fund's Board of Directors or any person serving as the Board's delegate under sections (b) or (d) of Rule 17f-5.