STANDARD OF CARE AS FOREIGN CUSTODY MANAGER OF A PORTFOLIO. In performing the responsibilities delegated to it, the FCM agrees to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of assets of management investment companies registered under the 1940 Act would exercise.
Appears in 2 contracts
Sources: Custody and Investment Accounting Agreement (PIMCO Equity Series), Custody and Investment Accounting Agreement (PIMCO ETF Trust)