Rule 17f-7 definition

Rule 17f-7 means Rule 17f-7 promulgated under the 1940 Act.

Rule 17f-7 means Rule 17f-7 under the 1940 Act.

Rule 17f-7 means rule 17f-7 under the 1940 Act, including any amendments thereto or successor rules.

Examples of Rule 17f-7 in a sentence

• The information provided in response to the questionnaire will be used by the member banks of the Association in compiling Rule 17f-7 risk analyses and may also be furnished by members to U.S. investment companies.

• Rule 17f-7 and amended Rule 17f-5 under the Investment Company Act (1940) provide for the placement of registered management investment company assets with custodians outside the U.S. The rules establish basic standards for foreign depositories that funds may use and generally require that a fund’s contract with its global custodian obligate the custodian to analyze and monitor the “custody risks of using a depository”.

• As described above, Association members have regulatory obligations, pursuant to Rule 17f-7, to make eligibility determinations and to provide their investment company clients with information concerning depository risk.

• A key requirement of Rule 17f-7 is that an investment company must receive from its “Primary Custodian” an analysis of the custody risks associated with maintaining assets with each depository it uses.

• Each Association member will then decide for itself how to use that information in preparing a risk analysis under Rule 17f-7 or for other purposes.

More Definitions of Rule 17f-7

Rule 17f-7 means ss.270.17(f)-7 under the 1940 Act, as amended from time to time.

Rule 17f-7 means Rule 17f-7 promulgated under the 0000 Xxx.

Rule 17f-7 means Rule 17f-7 promulgated under the Investment Company Act.

Rule 17f-7 means Rule 17f-7 promulgated under the 1940 Act, as amended from time to time.

Rule 17f-7 means rule 17f-7 under the 1940 Act, including any amendments thereto or successor rules. (q) "Security" shall have the meaning assigned thereto in Article 8 of the Uniform Commercial Code, which, as of the date hereof, generally means an obligation of an issuer or a share, participation, or other interest in an issuer or in property or an enterprise of an issuer: (i) which is represented by a security certificate in bearer or registered form, or the transfer of which may be registered upon books maintained for that purpose by or on behalf of the issuer; (ii) which is one of a class or series or by its terms is divisible into a class or series of shares, participations, interests, or obligations; and (iii) which: (A) is, or is of a type, dealt in or traded on securities exchanges or securities markets; or (B) is a medium for investment and by its terms expressly provides that it is a security governed by Article 8 of the Uniform Commercial Code. (r) "Securities Entitlement" shall mean the rights and property interest of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code. (s) "Securities Intermediary" shall have the meaning assigned thereto in Article 8 of the Uniform Commercial Code, which, as of the date hereof, means Bank, a Subcustodian, a securities depository, clearing corporation or any other person, including a bank or broker, that in the ordinary course of its business maintains securities accounts for others and is acting in that capacity. (t) "Uncertificated Security" shall mean a Security that is not represented by a certificate. (u) "Uniform Commercial Code" shall mean the Uniform Commercial Code of the State of New York, as amended from time to time. 3.

Rule 17f-7 means Rule 17f-7 under the 1940 Act as the same may be amended from time to time, or that has otherwise been made exempt pursuant to an SEC exemptive order.

Rule 17f-7 means Rule 17f-7 promulgated under the 1940 Act, or any successor rule adopted by the SEC.