Covered Account definition

Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.
Covered Account means any account that holds or may hold a Covered Security, such as any: • account in the Covered Person’s name; • joint or tenant-in-common account in which the Covered Person has an interest or is a participant; • account for which a Covered Person acts as trustee, executor or custodian; and • account over which a Covered Person has investment discretion or has the power (whether or not exercised) to direct the acquisition or disposition of Covered Securities (other than a Client Account that the Covered Person manages or over which they have investment discretion). It is presumed that a Covered Person can control accounts held by Immediate Family Members.

Examples of Covered Account in a sentence

  • When using security questions (mother’s maiden name, pet’s name, etc.), the person opening the Covered Account cannot provide authenticating information beyond that which generally would be available from a wallet or consumer report.

  • Unusual use of, or suspicious activity related to, the Covered Account.

  • Purpose: The university adopts this Identity Theft Prevention Program (the “Program”) in an effort to detect, prevent, and mitigate Identify Theft in connection with the opening of a Covered Account or any existing Covered Account.

  • All employees that have access to information in a Covered Account shall be trained to detect, and respond to, Red Flags.

  • Ensure that office computers with access to Covered Account information are password protected.


More Definitions of Covered Account

Covered Account means any account that holds or may hold a Covered Security, such as any: ● account in the Covered Person’s name; ● joint or tenant-in-common account in which the Covered Person has an interest or is a participant;
Covered Account means a personal investment or trading account of an Employee or Access Person or related account (this may include, but is not limited to, an account for which an Employee or Access Person is a trustee or custodian, a spousal account, any account of an Employee or Access Person’s children or any account for an individual who relies on the Employee or Access Person for material support) in which an Employee or Access Person has any direct or indirect beneficial ownership interest, an investment or trading account over which an Employee or Access Person exercises control or provides investment advice, or a proprietary investment or trading account maintained for the Firm or its employees. Specifically, Covered Account includes:
Covered Account means any account that holds or may hold a Covered Security whether directly or through Beneficial Ownership, and as further described in Section B.1 below.
Covered Account means any account held by the Access Person’s spouse, domestic partner, dependent household members, immediate family members sharing the same household and any account over which the Access Person has beneficial interest or control.
Covered Account means an account that holds Covered Securities in which Access Person has a beneficial ownership.
Covered Account means any account that holds or may hold a Covered Security, such as any: