Common use of Account Reporting Clause in Contracts

Account Reporting. You will receive reporting with respect to your investments in the FQLP Funds in the form of trade confirmations and account statements. You will receive a trade confirmation promptly for each trade (purchases and sales of units of FQLP Funds). The administrator of the FQLP Funds will also send you an account statement once a month for each FQLP Fund in which you are invested in. In the course of its activities, the Firm may enter into arrangements whereby it pays or receives compensation for client referrals. The following information is communicated to you in writing when a referral arrangement is concluded by the Firm:  the name of each party to the referral arrangement;  the purpose and material terms of the referral arrangement, including the nature of the services to be provided by each party;  any conflicts of interest resulting from the relationship between the parties to the referral arrangement and from any other element of the referral arrangement;  the method of calculating the referral fee and, to the extent possible, the amount of the fee;  the category of registration of each registrant that is a party to the agreement, with a description of the activities that the registrant is authorized to engage in under that category and, giving consideration to the nature of the referral, the activities that the registrant is not permitted to engage in;  if a referral is made to a registrant, a statement that all activity requiring registration resulting from the referral arrangement will be provided by the registrant receiving the referral;  any other information that a reasonable client would consider important in evaluating the referral arrangement. If there is a change to the information set out above, the Firm must ensure that written disclosure of that change is provided to you if you are affected by such change as soon as possible and no later than the 30th day before the date on which a referral fee is next paid or received.