Common use of Ongoing Review of Appropriateness of Procedures Clause in Contracts

Ongoing Review of Appropriateness of Procedures. These Procedures will be reviewed periodically by the Committee and revised as deemed necessary or appropriate. Any material changes to these Procedures shall be reported to the MFS Risk and Compliance Committee at its next regularly scheduled meeting. Enforcement Actions a) Stop - If the FMG determines that trading violates Fund Trading Policies, a Stop will be placed on the account preventing the accountholder from making further purchases into the account. The accountholder will be sent a letter explaining the actions that have been taken on the account. In the case where an intermediary services the account, such as an omnibus account, the intermediary will be requested to take action on the account and supply MFS with proof that the action has been taken.

Ongoing Review of Appropriateness of Procedures. These Procedures will be reviewed periodically by the Committee and revised as deemed necessary or appropriate. Any material changes to these Procedures shall be reported to the MFS Risk and Compliance Committee at its next regularly scheduled meeting. Enforcement Actions. a) Stop - — If the FMG determines that trading violates Fund Trading Policies, a Stop will be placed on the account preventing the accountholder from making further purchases into the account. The accountholder will be sent a letter explaining the actions that have been taken on the account. In the case where an intermediary services the account, such as an omnibus account, the intermediary will be requested to take action on the account and supply MFS with proof that the action has been taken.