Foreign Custody Manager definition

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

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

• Subject to the provisions of this Section 3.2, the Foreign Custody Manager may place and maintain the Foreign Assets in the care of the Eligible Foreign Custodian selected by the Foreign Custody Manager in each country listed on Schedule A, as amended from time to time.

• The Foreign Custody Manager will exercise such reasonable care, prudence and diligence in performing the delegated responsibilities as a person having responsibility for the safekeeping of assets of management investment companies registered under the 1940 Act would exercise.

• The Foreign Custody Manager may amend the list from time to time in its sole discretion upon notice to the Client.

• The Approved Foreign Custody Manager may then appoint a Foreign Subcustodian or Interim Subcustodian in accordance with this Section 5.

• Each Fund, by resolution adopted by its Board, hereby delegates to the Custodian, subject to Section (b) of Rule 17f-5, the responsibilities set forth in this Section 3.2 with respect to Foreign Assets of the Portfolios held outside the United States, and the Custodian hereby accepts such delegation as Foreign Custody Manager with respect to the Portfolios.

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

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

Foreign Custody Manager means a Fund’s or a Registered Canadian Fund’s board of directors or any person serving as the board’s delegate under paragraphs (b) or (d) of this section.

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.