Supporting Information. The Distributor and the Transfer Agent shall have the right to reasonably require information from the Authorized Participant regarding Share ownership of each Fund if the Authorized Participant does not provide the representation in Section 11(a)(ii) above, and to rely thereon to the extent necessary to make a determination regarding ownership of eighty percent (80%) or more of the currently outstanding Shares of any Fund by a Beneficial Owner as a condition to the acceptance of a deposit of Deposit Securities, to the extent the Authorized Participant can do so in a manner consistent with applicable customer information protection rules, regulations and internal policies.
Appears in 4 contracts
Sources: Authorized Participant Agreement (Franklin Templeton ETF Trust), Authorized Participant Agreement (Franklin ETF Trust), Authorized Participant Agreement (Putnam ETF Trust)