Board Review and Approval. The Board of Trustees of each Fund shall initially approve or ratify the adoption of this AML Program for the Fund and shall review the AML Program at least annually. Any material changes shall be approved, if practical, by the Board of Trustees prior to their implementation or shall be adopted by the AML Compliance Officer subject to ratification by the Board of Trustees as set forth below. The Board of Trustees may request and evaluate such information as it deems reasonable and appropriate in connection with its review and approval of this AML Program.
Appears in 2 contracts
Sources: Underwriting Agreement (Invested Portfolios), Underwriting Agreement (Ivy Funds Variable Insurance Portfolios)