Third Party Intermediaries definition

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Third Party Intermediaries include insurance companies, broker-dealers, banks, pension administrators, investment companies and other financial intermediaries that sell a Fund's shares either directly or through insurance products. A Third Party Intermediary may maintain omnibus or network level accounts with a Fund. As a result, Third Party Intermediaries may have contact with investors, process investor account applications and documentation, and accept investor funds. The Funds typically do not know the identity of individual investors participating in the programs; indeed, the nature of these programs usually prohibits the Funds from learning the identity of the investors. For omnibus and network level accounts maintained by Third Party Intermediaries, the Third Party Intermediaries are considered to be the Funds' customers. The Funds are not required to verify the identities of the Third Party Intermediaries' customers. Where new Fund accounts come through a Third Party Intermediary and the accounts are registered directly in the name of the Third Party Intermediary's customers, those customers are also considered customers of the Funds. As such, the Funds are responsible for performing the required elements of these CIP Procedures with respect those customers. The Funds may rely on the Third Party Intermediary to perform the Funds' CIP Procedures. To the extent the Funds intend to rely on Third Party Intermediaries to verify customers' identities, the reliance must be reasonable under the circumstances and the Third Party Intermediary must enter into a contract requiring it to certify annually that it has implemented anti-money laundering customer identification program in accordance with applicable requirements and will perform the specific requirements of the Funds' CIP Procedures. The Funds may only rely on those Third Party Intermediaries who are subject to a rule requiring them to implement an anti-money laundering compliance program and is regulated by a Federal functional regulator. For purposes of these CIP Procedures, each Fund will rely on each other Fund to perform the specific requirements of the CIP Procedures with respect to any prospective customer of a Fund who already is a customer of another Fund.

Third Party Intermediaries means any Person engaged as supplier, service provider, agent, sub-agent, consultant, intermediary, broker, distributor or in any other capacity by the Company, which has had or will have, any interface or interaction with any Governmental Authority, any Person Controlled by a Governmental Authority, any Government Official or public international organization, on behalf of the Company.

Examples of Third Party Intermediaries in a sentence

The Funds may only rely on those Third Party Intermediaries who are subject to a rule requiring them to implement an anti-money laundering compliance program and is regulated by a Federal functional regulator.
As a result, Third Party Intermediaries may have contact with investors, process investor account applications and documentation, and accept investor funds.
Supplier shall comply with the principles and requirements of the "Code of Conduct for AES Suppliers and Third Party Intermediaries" attached hereto as Exhibit D (hereinafter the “Code of Conduct”).
Supplier shall comply with the principles and requirements of the "Code of Conduct for Siemens Suppliers and Third Party Intermediaries" attached hereto as Exhibit D (hereinafter the “Code of Conduct”).
To the extent the Funds intend to rely on Third Party Intermediaries to verify customers' identities, the reliance must be reasonable under the circumstances and the Third Party Intermediary must enter into a contract requiring it to certify annually that it has implemented anti-money laundering customer identification program in accordance with applicable requirements and will perform the specific requirements of the Funds' CIP Procedures.
Third Party Intermediaries" include insurance companies, broker-dealers, banks, pension administrators, investment companies and other financial intermediaries that sell a Fund's shares either directly or through insurance products.
The Funds are not required to verify the identities of the Third Party Intermediaries' customers.
For omnibus and network level accounts maintained by Third Party Intermediaries, the Third Party Intermediaries are considered to be the Funds' customers.
These requirements supplement the Code of Conduct for Suppliers and Third Party Intermediaries.
The Company shall, as part of its anti-corruption compliance programme, conduct anti-corruption training from time to time, and shall undertake reasonable efforts to ensure that its employees, workers, officers, directors, affiliates, advisors, contractors, agents, shareholders (other than members of the FK Group), and/ or Third Party Intermediaries acting on its behalf for interacting with government officials, will participate in such anti-corruption training.

More Definitions of Third Party Intermediaries

Third Party Intermediaries means any Person engaged as supplier, service provider, agent, sub- agent, consultant, intermediary, broker, distributor or in any other capacity by the Company, which has had or will have, any interface or interaction with any Governmental Authority, any Person Controlled by a Governmental Authority, any Government Official or public international organization, on behalf of the Company;