8.6. Disclosure required. With respect to securities issued in the United States, the Shareholder Communications Act of 1985 requires the director, the issuer at his request, to disclose the name, address and securities position of the trustee`s clients who are «benefit holders» (as defined in the law) of the issuer`s securities, unless the effective beneficiary objects to such disclosure. The law defines an «economic beneficiary» as anyone who has or shares the power to vote on a guarantee (under an agreement or otherwise) or who directs the vote on a guarantee. Each trust establishes that any applicable fund is the economic beneficiary of the securities attributable to that fund as an economic beneficiary, the trust has determined, on behalf of each fund, on behalf of each fund, whether the trust refuses to disclose the name, address and position of the funds applicable to a U.S. issuer who, in accordance with the law, requests this information for specific purposes of direct communication between that issuer and the trust. (e) to a trust or its agent, an initial notification of bankruptcy cases related to securities held in the account, and notification of all necessary measures with respect to bankruptcy cases that the custodian may receive as a custodian. No further action or disclosure of bankruptcy is required; (h) the custodian`s liability for losses resulting from an individual`s insolvency, including, but not limited, to a sub-custodian (other than a BNY Mellon affiliate), a custodian, a foreign custodian, a broker, a bank or a counterparty in the settlement of a foreign exchange transaction or transaction, is exposed to Section 2.1(b) and Section 2.2. 2.1, sub-custodians and custodians, and subject to subsection 2.1 of this section, foreign custodians related to its performance in the context of this detachment. Subcustodiane-owned securities and cash are held subject to the terms and conditions of agreements made by the custodian or affiliate BNY Mellon with this sub-cusatodian.

Securities and cash deposited by the custodian in a foreign custodian or custodian are subject to the rules, conditions and conditions of that unit. Sub-custodians may have the right to hold securities in foreign custodians or custodians in which the sub-depository participates. Securities deposited with a fund of sub-custodian, custodian or foreign custodian are held in accordance with local law or local practice or a specific sub-depository agreement. The custodian identifies in his books and subscribes securities and cash belonging to a fund, whether held directly or indirectly by sub-depositors, custodians or foreign custodians, and these securities remain separated in the accounts and registrations of the custodian of the property of the custodian and the property of another person. The custodian endeavours to hold, directly or indirectly, through a sub-custodian, a foreign custodian or custodian, securities in the country or any other jurisdiction in which the main market for these securities is located when these securities are subject to cancellation and/or payment and/or registration, or when these securities are acquired. The custodian may at any time stop using a sub-custodian and/or replace a sub-conservative with another sub-conservative (a «replacement sub-conservative»).