Daily Exception Analysis of Market Timing Policies for Supplemental Data Provided Clause Samples

This clause establishes a requirement for daily review and analysis of exceptions to market timing policies specifically related to supplemental data submissions. In practice, it mandates that any deviations or anomalies identified in the timing of market transactions, as revealed by additional or non-standard data sources, must be examined each day to ensure compliance with established trading rules. The core function of this clause is to enhance oversight and prevent potential abuses or errors by ensuring that all relevant data, including supplemental information, is regularly scrutinized for exceptions to market timing policies.
Daily Exception Analysis of Market Timing Policies for Supplemental Data Provided. (a) Review daily short-term trader exceptions, daily excessive trader exceptions, and daily supplemental data reconciliation exceptions. (b) Analyze Financial Intermediary supplemental data (items), which are identified as “Potential Violations” based on parameters established by the Funds. (c) Confirm exception trades and if necessary, request additional information regarding Potential Violations.