TA-1/A
: Filer Information
Submission Contact Information
The registrant may provide a single e-mail address for contact purposes.
| 1(f)(i).
Contact Name:
| | | 1(f)(ii).
Contact Phone Number:
| | | 1(f)(iii).
Contact E-Mail Address:
| |
Notification Information
The registrant may provide additional e-mail addresses for those persons
the filer would like to receive notification e-mails regarding the filing.
| 1(g).
Notification E-mail Address:
| |
TA-1/A
: Registrant Information
| 2.
Appropriate regulatory agency (check one):
| 
Securities and Exchange Commission
Federal Deposit Insurance Corporation
Comptroller of the Currency
|
| 3(a).
Full Name of Registrant:
| Franklin Templeton Investment Services GmbH | | 3(a)(i).
Previous name, if being amended:
| | | 3(b).
Financial Industry Number (FINS) number:
| 339135 |
3(c).
Address of principal office where transfer agent activities are, or
will be, performed:
| 3(c)(i).
Address 1
| Mainzer Landstrasse 16 | | 3(c)(ii).
Address 2
| | | 3(c)(iii).
City
| D-60325 Frankfurt am Main | | 3(c)(iv).
State or Country
|
GERMANY
| | 3(c)(v).
Postal Code
| D-60325 | | 3(d).
Is Mailing address different from response to Question 3c?
If "yes" provide address(es):
|
Yes
No
| | 3(d)(i).
Address 1
| C/O FRANKLIN TEMPLETON INVESTOR SERVICES | | 3(d)(ii).
Address 2
| 3344 QUALITY DRIVE, ATTN: GSS R&C | | 3(d)(iii).
City
| RANCHO CORDOVA | | 3(d)(iv).
State or Country
|
CALIFORNIA
| | 3(d)(v).
Postal Code
| 95670 | | 3(e).
Telephone Number (Include Area Code)
| 916-463-4350 | | 4.
Does Registrant conduct, or will it conduct, transfer agent
activities at any location other than that given in Questions
3(c) above? If "Yes" provide address (es):
|
Yes
No
| | 5.
Does registrant act, or will it act,
as a transfer agent solely for its own securities,
and/or securities of an affiliate(s)?
|
Yes
No
| | 6.
Has registrant, as a named transfer agent, engaged, or will it
engage, a service company to perform any transfer agent functions?
|
Yes
No
|
| 7.
Has registrant been engaged, or will it be engaged as a service
company by a named transfer agent to perform transfer agent
functions?
|
Yes
No
|
If "Yes" provide the name(s) and File Number(s) of the
named transfer agent(s) for which the registrant has been
engaged, or will be engaged, as a service company to perform
transfer agent functions:
Engaged transfer agent company information Related to item 7 Record:
1 | 7(a).
Name
| Franklin Templeton Investor Services, LLC | | 7(b).
File Number
| | | 7(c)(i).
Address 1
| 3344 Quality Drive | | 7(c)(ii).
Address 2
| ATTN: GSS R&C | | 7(c)(iii).
City
| Rancho Cordova | | 7(c)(iv).
State or Country
|
CALIFORNIA
| | 7(c)(v).
Postal Code
| 95670 |
TA-1/A
: Independent, Non-Issuer Registrant Information
Completion of Question 8 on this form is required
by all independent, non-issuer registrants whose appropriate
regulatory authority is the Securities and Exchange Commission.
Those registrants who are not required to complete Question 8
should select "Not Applicable".
| 8.
Is registrant a:
| Other | Limited Liability Company |
Section for Initial Registration and for Amendments
Reporting Additional Persons.
Proprietor or other entity information Related to item 8 Record:
1 | 8(a)(i).
Full Name
| Franklin Templeton Luxembourg S.A. | | 8(a)(ii).
Relationship Start Date
| 7/1/13 | | 8(a)(iii).
Title or Status
| 100% Ownership | | 8(a)(iv).
Description of Authority
| Sole ownership and control. | | 8(a)(v).
Relationship End Date
| |
Proprietor or other entity information Related to item 8 Record:
2 | 8(a)(i).
Full Name
| Reinhard Berben | | 8(a)(ii).
Relationship Start Date
| 5/5/04 | | 8(a)(iii).
Title or Status
| Managing Director | | 8(a)(iv).
Description of Authority
| Day-to-Day Management | | 8(a)(v).
Relationship End Date
| 1/31/20 |
Proprietor or other entity information Related to item 8 Record:
3 | 8(a)(i).
Full Name
| Vijay C. Advani | | 8(a)(ii).
Relationship Start Date
| 5/12/03 | | 8(a)(iii).
Title or Status
| Board Member | | 8(a)(iv).
Description of Authority
| Member of the Advisory Board | | 8(a)(v).
Relationship End Date
| 10/1/15 |
Proprietor or other entity information Related to item 8 Record:
4 | 8(a)(i).
Full Name
| Basil K. Fox, Jr. | | 8(a)(ii).
Relationship Start Date
| 4/18/07 | | 8(a)(iii).
Title or Status
| Board Member | | 8(a)(iv).
Description of Authority
| Member of Advisory Board | | 8(a)(v).
Relationship End Date
| |
Proprietor or other entity information Related to item 8 Record:
5 | 8(a)(i).
Full Name
| Gregory E. McGowan | | 8(a)(ii).
Relationship Start Date
| 4/1/00 | | 8(a)(iii).
Title or Status
| Board Member | | 8(a)(iv).
Description of Authority
| Member of Advisory Board | | 8(a)(v).
Relationship End Date
| |
Proprietor or other entity information Related to item 8 Record:
6 | 8(a)(i).
Full Name
| Jed A. Plafker | | 8(a)(ii).
Relationship Start Date
| 9/9/09 | | 8(a)(iii).
Title or Status
| Board Member | | 8(a)(iv).
Description of Authority
| Member of Advisory Board | | 8(a)(v).
Relationship End Date
| |
Proprietor or other entity information Related to item 8 Record:
7 | 8(a)(i).
Full Name
| Jennifer M. Johnson | | 8(a)(ii).
Relationship Start Date
| 4/18/07 | | 8(a)(iii).
Title or Status
| Board Member | | 8(a)(iv).
Description of Authority
| Member of Advisory Board | | 8(a)(v).
Relationship End Date
| 12/1/14 |
Proprietor or other entity information Related to item 8 Record:
8 | 8(a)(i).
Full Name
| Hans J. Wisser | | 8(a)(ii).
Relationship Start Date
| 4/4/95 | | 8(a)(iii).
Title or Status
| Managing Director | | 8(a)(iv).
Description of Authority
| Day-to-Day Management | | 8(a)(v).
Relationship End Date
| 11/30/10 |
Proprietor or other entity information Related to item 8 Record:
9 | 8(a)(i).
Full Name
| Stefan Bauer | | 8(a)(ii).
Relationship Start Date
| 3/5/18 | | 8(a)(iii).
Title or Status
| Managing Director | | 8(a)(iv).
Description of Authority
| Day-to-Day Managment | | 8(a)(v).
Relationship End Date
| |
9. Does any person or entity not named in the answer to Question 8:
| 9(a).
directly or indirectly, through agreement or otherwise exercise or
have the power to exercise control over the management or policies of applicant, or;….
|
Yes
No
|
Entity information Related to item 9(a)
Record:
1 | 9(a)(i).
Exact name of each person or entity:
| Templeton International, Inc. | | 9(a)(ii).
Description of the Agreement or other basis:
| 100% Ownership of Franklin Templeton Luxembourg S.A. |
Entity information Related to item 9(a)
Record:
2 | 9(a)(i).
Exact name of each person or entity:
| Templeton Worldwide, Inc. | | 9(a)(ii).
Description of the Agreement or other basis:
| 100% Ownership of Templeton International, Inc. |
Entity information Related to item 9(a)
Record:
3 | 9(a)(i).
Exact name of each person or entity:
| Franklin Resources, Inc. | | 9(a)(ii).
Description of the Agreement or other basis:
| 100% Owner of Templeton Worldwide, Inc. |
|
| 9(b).
wholly or partially finance the business of the applicant,
directly or indirectly, in any manner other than by a public
offering of securities made pursuant to the Securities Act of 1933
or by credit extended in the ordinary course of business by suppliers, banks and others?…..
|
Yes
No
|
TA-1/A
: 10. Applicant and Control Affiliate Disciplinary History
The following definitions apply for purposes of
answering this Question 10
| Control Affiliate | - An individual or firm that directly or indirectly controls, is under common control
with, or is controlled by applicant. Included are any employees identified in 8(a), 8(b), 8(c) of this form as exercising
control. Excluded are any employees who perform solely clerical, administrative support of similar functions, or who, regardless of
title, perform no executive duties or have no senior policy making authority.
| | Investment or investment related | - Pertaining to securities, commodities, banking, insurance, or real estate
(including, but not limited to, acting as or being associated with
a broker dealer, investment company, investment adviser, futures
sponsor, bank, or savings and loan association).
| | Involved | - Doing an act of aiding, abetting, counseling, commanding, inducing,
conspiring with or failing reasonably to supervise another in
doing an act. |
10(a).
In the past ten years has the applicant or a control affiliate
been convicted of or plead guilty or nolo contendere ("no contest")
to:
| 10(a)(1).
a felony or misdemeanor involving: investments or an
investment-related business, fraud, false statements or omissions,
wrongful taking of property, or bribery, forgery, counterfeiting,
or extortion?
|
Yes
No
|
| 10(a)(2).
any other felony?
|
Yes
No
|
| 10(b).
Has any court in the past ten years:
| | 10(b)(1).
enjoined the applicant or a control affiliate in connection with
any investment-related activity?
|
Yes
No
|
| 10(b)(2).
found that the applicant or control affiliate was involved in a
violation of investment-related statutes or regulations?
|
Yes
No
|
| 10 (c).
Has the U.S. Securities and Exchange Commission or the Commodity
Futures Trading Commission ever:
| | 10(c)(1).
found the applicant or control affiliate to have made a false
statement or omission?
|
Yes
No
|
Entity information Related to item 10(c)(1) Record:
1 | 10(c)(1)(i).
The individuals named in the Action
| Franklin Advisers, Inc. (FAV) | | 10(c)(1)(ii).
Title of Action
| In the matter of FAV, Adminsitrative Proceeding file No. 3-11572 | | 10(c)(1)(iii).
Date of Action
| 8/2/04 | | 10(c)(1)(iv).
The Court or body taking the Action and its location
| U. S. Securities and Exchange Commision (SEC) | | 10(c)(1)(v).
Description of the Action
| The action concerned the SEC's investigation of market timing activity. | | 10(c)(1)(vi).
The disposition of the proceeding
| FAV and the SEC reached an agreement that resolved the issues resulting from the investigation into market timing activity. |
Entity information Related to item 10(c)(1) Record:
2 | 10(c)(1)(i).
The individuals named in the Action
| FAV and Franklin Templeton Distributors, Inc. (FTDI) | | 10(c)(1)(ii).
Title of Action
| In the matter of FAV and FTDI, Administraive Proceeding File No. 3-11769 | | 10(c)(1)(iii).
Date of Action
| 12/13/04 | | 10(c)(1)(iv).
The Court or body taking the Action and its location
| SEC | | 10(c)(1)(v).
Description of the Action
| The action concerned the SEC's investigation of marketing support payments to securities dealers who sell fund shares. | | 10(c)(1)(vi).
The disposition of the proceeding
| FAV and FTDI reached an agreement with the SEC that resolved the issues resulting from the investigation into market timing support payments to securities dealers who sell fund shares. |
| 10(c)(2).
found the applicant or control affiliate to have been involved in
a violation of its regulation or statutes?
|
Yes
No
|
Entity information Related to item 10(c)(2) Record:
1 | 10(c)(2)(i).
The individuals named in the Action
| FAV | | 10(c)(2)(ii).
Title of Action
| In the matter of FAV, Administrative File No. 3-11572 | | 10(c)(2)(iii).
Date of Action
| 8/2/04 | | 10(c)(2)(iv).
The Court or body taking the Action and its location
| SEC | | 10(c)(2)(v).
Description of the Action
| The action concerned the SEC's investigation of market timing activity. | | 10(c)(2)(vi).
The disposition of the proceeding
| FAV and the SEC reached an agreement that resolved the issues from the investigation into market timing activity. |
Entity information Related to item 10(c)(2) Record:
2 | 10(c)(2)(i).
The individuals named in the Action
| FAV and FTDI | | 10(c)(2)(ii).
Title of Action
| In the matter of FAV and FTDI, Adminsitrative Proceeding No. 3-11769 | | 10(c)(2)(iii).
Date of Action
| 12/13/04 | | 10(c)(2)(iv).
The Court or body taking the Action and its location
| SEC | | 10(c)(2)(v).
Description of the Action
| The action concerned the SEC's investigation of marketing support payments to securities dealers who sell fund shares. | | 10(c)(2)(vi).
The disposition of the proceeding
| FAV and FTDI reached an agreement with the SEC that resolved the issues resulting from the investigation into marketing support payments to securities dealers who sell fund shares. |
Entity information Related to item 10(c)(2) Record:
3 | 10(c)(2)(i).
The individuals named in the Action
| Franklin Advisers, Inc (FAV) | | 10(c)(2)(ii).
Title of Action
| FRANKLIN ADVISERS INC & FRANKLIN TEMPLETON INVESTMENTS CORP Case Number: 3-19854 | | 10(c)(2)(iii).
Date of Action
| 7/2/20 | | 10(c)(2)(iv).
The Court or body taking the Action and its location
| U.S. Securities and Exchange Commission (SEC), Washington D.C. | | 10(c)(2)(v).
Description of the Action
| On 7/2/20, the SEC entered an order instituting administrative and cease-and-desist proceedings pursuant to Section 9(f) of the Investment Company Act of 1940 (40 Act) and Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, making findings, and imposing remedial sanctions and a cease-and-desist order against FAV. The SEC found that FAV (1) between 12/14 and 11/15, caused certain funds it manages to invest in shares of three unaffiliated ETFs in excess of the 10% investment limit under Section 12(d)(1)(A)(iii) of the 40 Act; (2) did not implement certain of the Funds policies and procedures (P&P) designed to prevent such violations, thereby causing the Funds to violate Rule 38a-1(a) of the 40 Act, and (3) in not reimbursing the Funds for losses that resulted from the corrective sale of one of the ETFs by offsetting gains realized from the corrective sale of two other ETFs, did not follow its P&P and did not disclose material information to the relevant Funds board, thereby violating Sections 206(2) and 206(4) and Rule 206(4)-7 of the Advisers Act. FAV later reported the losses to the Funds board and fully reimbursed the relevant Funds for the losses including interest. FAV neither admitted nor denied the SECs findings. | | 10(c)(2)(vi).
The disposition of the proceeding
| Resolved by consent order. For purposes of settlement, FAV consented to the entry of the Order and a censure, and agreed to pay a civil monetary penalty of $250,000.00. |
Entity information Related to item 10(c)(2) Record:
4 | 10(c)(2)(i).
The individuals named in the Action
| Franklin Templeton Investments Corp. (FTIC) | | 10(c)(2)(ii).
Title of Action
| FRANKLIN ADVISERS INC & FRANKLIN TEMPLETON INVESTMENTS CORP Case Number: 3-19854 | | 10(c)(2)(iii).
Date of Action
| 7/2/20 | | 10(c)(2)(iv).
The Court or body taking the Action and its location
| U.S. Securities and Exchange Commission (SEC), Washington D. C. | | 10(c)(2)(v).
Description of the Action
| On 7/2/20, the SEC entered an order instituting administrative and cease-and-desist proceedings pursuant to Section 9(f) of the Investment Company Act of 1940 and Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, making findings, and imposing remedial sanctions and a cease-and-desist order against FTIC (the Order). In the Order, the SEC found that at various points between October 2013 and September 2016, FTIC caused certain Franklin Templeton funds it manages to invest in shares of two unaffiliated exchanged-traded funds in excess of the 3% investment limit under Section 12(d)(1)(A)(i) of the Investment Company Act. FTIC neither admitted nor denied the SECs findings. | | 10(c)(2)(vi).
The disposition of the proceeding
| Resolved by consent order. For purposes of settlement, FTIC consented to the entry of the Order and a censure, and agreed to pay a civil monetary penalty of $75,000.00. |
Entity information Related to item 10(c)(2) Record:
5 | 10(c)(2)(i).
The individuals named in the Action
| Legg Mason, Inc. | | 10(c)(2)(ii).
Title of Action
| Exchg Act Rel #839948;Acctg&Auditing Rel #3961; Admin Proceeding File #3-18684 | | 10(c)(2)(iii).
Date of Action
| 8/27/18 | | 10(c)(2)(iv).
The Court or body taking the Action and its location
| U.S. Securities and Exchange Commission (SEC), Washington D.C. | | 10(c)(2)(v).
Description of the Action
| ON AUGUST 27, 2018, THE SEC ISSUED AN ORDER THAT FOUND THAT LEGG MASON HAD VIOLATED SECTION 13(B)(2)(B) OF THE SECURITIES EXCHANGE ACT OF 1934 BY FAILING TO DEVISE AND MAINTAIN A SYSTEM OF APPROPRIATE INTERNAL ACCOUNTING CONTROLS WITH RESPECT TO THE USE OF INTRODUCING BROKERS AND OTHER INTERMEDIARIES IN EMERGING MARKETS, INCLUDING LIBYA, AND THAT IMPOSED A CEASE AND DESIST ORDER ON LEGG MASON WITH RESPECT TO ANY VIOLATIONS OR FUTURE VIOLATIONS OF SECTION 13(B)(2)(B). PREVIOUSLY, LEGG MASON HAD SUBMITTED AN OFFER OF SETTLEMENT IN CONNECTION WITH THE MATTER WHICH THE SEC DETERMINED TO ACCEPT. THE ORDER RESOLVED A FCPA INVESTIGATION CONCERNING THE ACTIVITIES OF LEGG MASON'S FORMER PERMAL BUSINESS IN CONNECTION WITH MANAGING ASSETS OF LIBYAN GOVERNMENTAL ENTITIES IN STRUCTURES ESTABLISHED BY A THIRD-PARTY FINANCIAL INSTITUTION. THOSE INVESTMENTS WERE MADE IN CALENDAR YEARS 2005-2007 AND ALL WERE TERMINATED BY 2012. THE MATTER DOES NOT RELATE TO ANY CURRENT BUSINESS ACTIVITIES OR CLIENT RELATIONSHIPS OF LEGG MASON OR ANY AFFILIATE, AND WAS FOCUSED ON THE ACTIONS OF FORMER PERMAL EMPLOYEES WHO LEFT THAT FIRM FOUR OR MORE YEARS AGO. | | 10(c)(2)(vi).
The disposition of the proceeding
| AGREED ORDER, DISGORGEMENT AND PREJUDGMENT INTEREST. SEPARATELY, ON 6/4/18 LEGG MASON AGREED TO PAY A PENALTY AND DISGORGEMENT TO RESOLVE A U.S. DOJ INVESTIGATION INTO FCPA VIOLATIONS ARISING OUT OF THE SAME MATTER. THE SEC DISGORGEMENT AMOUNT WILL BE C |
| 10(c)(3).
found the applicant or control affiliate to have been a cause of
an investment-related business having its authorization to do
business denied, suspended, revoked or restricted?
|
Yes
No
|
| 10(c)(4).
entered an order denying, suspending or revoking the applicant’s
or control affiliate’s registration or otherwise disciplined it by
restricting its activities?
|
Yes
No
|
| 10(d).
Has any other Federal regulatory agency or any state regulatory
agency :
| | 10(d)(1).
ever found the applicant or control affiliate to have made a false
statement or omission or to have been dishonest, unfair, or
unethical?
|
Yes
No
|
Entity information Related to item 10(d)(1) Record:
1 | 10(d)(1)(i).
The individuals named in the Action
| FAV and Franklin Templeton Alternative Strategies, Inc. (FTASI) | | 10(d)(1)(ii).
Title of Action
| In the matter of FAV and FTASI, Docket No. E-2004-007 | | 10(d)(1)(iii).
Date of Action
| 9/20/04 | | 10(d)(1)(iv).
The Court or body taking the Action and its location
| Securities Division Office of the Secretary of the Commonwealth of Massachsetts | | 10(d)(1)(v).
Description of the Action
| The action concerned the Commonwealth of Massachusetts' investigation of market timing activity. | | 10(d)(1)(vi).
The disposition of the proceeding
| FAV and FTASI reached an agreement with the Commonwealth of Massachusetts that resolved the issues resulting from the investigation of market timing activity. |
Entity information Related to item 10(d)(1) Record:
2 | 10(d)(1)(i).
The individuals named in the Action
| Franklin Resources, Inc. (FRI) | | 10(d)(1)(ii).
Title of Action
| In the matter of FRI, Docket No. 2004-0044 | | 10(d)(1)(iii).
Date of Action
| 11/19/04 | | 10(d)(1)(iv).
The Court or body taking the Action and its location
| Securities Div. Office of the Secretary of the Commonwealth of Massachusetts | | 10(d)(1)(v).
Description of the Action
| FRI's disclosure in Form 8-K regarding FAV and FTASI's agreement with the Commonwealth of Massachusetts that resolved the issues from the investigation of market timing activity. | | 10(d)(1)(vi).
The disposition of the proceeding
| FRI and the Commonwealth of Massachusetts reached an agreement that resolved the issue resulting from FTI's Form 8-K disclosure. |
| 10(d)(2).
ever found the applicant or control affiliate to have been
involved in a violation of investment-related regulations or
statutes?
|
Yes
No
|
Entity information Related to item 10(d)(2) Record:
1 | 10(d)(2)(i).
The individuals named in the Action
| FAV and FTASI | | 10(d)(2)(ii).
Title of Action
| In the matter of FAV and FTASI, Docket No. E-2004-007 | | 10(d)(2)(iii).
Date of Action
| 9/20/04 | | 10(d)(2)(iv).
The Court or body taking the Action and its location
| Securities Div. Office of the Secretary of the Commonwealth of Massachusetts | | 10(d)(2)(v).
Description of the Action
| The action concerned the Commonwealth of Massachusetts' investigation of market timing activity. | | 10(d)(2)(vi).
The disposition of the proceeding
| FAV and FTASI reached an agreement with the Commonwealth of Massachusetts that resolved the issue resulting from the investigation of market timing activity. |
Entity information Related to item 10(d)(2) Record:
2 | 10(d)(2)(i).
The individuals named in the Action
| FRI | | 10(d)(2)(ii).
Title of Action
| In the matter of FRI, Docket No. E-2004-0044 | | 10(d)(2)(iii).
Date of Action
| 11/19/04 | | 10(d)(2)(iv).
The Court or body taking the Action and its location
| Securities Div. Office of the Secretary of the Commonwealth of Massachusetts | | 10(d)(2)(v).
Description of the Action
| FRI's disclosure in Form 8-K regarding FAV and FTASI's agreement with the Commonwealth of Massachusetts' that resolved the issues from the investigation of market timing activity. | | 10(d)(2)(vi).
The disposition of the proceeding
| FRI and the Commonwealth of Massachusetts reached an agreement that resolved the issue resulting from FRI's Form 8-K disclosure. |
| 10(d)(3).
ever found the applicant or control affiliate to have been a cause
of an investment-related business having its authorization to do
business Denied, suspended, revoked or restricted?
|
Yes
No
|
| 10(d)(4).
in the past ten years entered an order against the applicant or
control affiliate in connection with investment-related activity?
|
Yes
No
|
Entity information Related to item 10(d)(4) Record:
1 | 10(d)(4)(i).
The individuals named in the Action
| FAV and FTASI | | 10(d)(4)(ii).
Title of Action
| In the matter of FAV and FTASI, Docket No. E-2004-007 | | 10(d)(4)(iii).
Date of Action
| 9/20/04 | | 10(d)(4)(iv).
The Court or body taking the Action and its location
| Securites Div. Office of the Secretary of the Commonwealth of Massechusetts | | 10(d)(4)(v).
Description of the Action
| The action concerned the Commonwealth of Massachusetts' investigation of market timing activity. | | 10(d)(4)(vi).
The disposition of the proceeding
| FAV and FTASI reached an agreement with the Commonwealth of Massachusetts that resolved the issue resulting from the investigation of market timing activity. |
Entity information Related to item 10(d)(4) Record:
2 | 10(d)(4)(i).
The individuals named in the Action
| FRI | | 10(d)(4)(ii).
Title of Action
| In the matter of FRI, Docket No. E-2004-0044 | | 10(d)(4)(iii).
Date of Action
| 11/19/04 | | 10(d)(4)(iv).
The Court or body taking the Action and its location
| Securities Div. Office of the Secretary of the Commonwealth of Massachusetts | | 10(d)(4)(v).
Description of the Action
| FRI's disclosure in Form 8-K regarding FAV and FTASI's agreement with the Commonwealth of Massachusetts that resolved the issues from the investigation of market timing activity. | | 10(d)(4)(vi).
The disposition of the proceeding
| FRI and the Commonwealth of Massachusetts reached an agreement that resolved the issue resulting from FTI's Form 8-K disclosure. |
| 10(d)(5).
ever denied, suspended, or revoked applicant’s or control
affiliate’s registration or license, or prevented it from
associating with an investment-related business, or otherwise
disciplined it by restricting its activities?
|
Yes
No
|
| 10(d)(6).
ever revoked or suspended the applicant’s or a control affiliate’s
license as an attorney or accountant?
|
Yes
No
|
10(e). Has any self-regulatory organization or commodities exchange ever:
| 10(e)(1).
found the applicant or a control affiliate to have made a false
statement or omission?
|
Yes
No
|
| 10(e)(2).
found the applicant or a control affiliate to have been involved
in a violation of its rules?
|
Yes
No
|
| 10(e)(3).
found the applicant or a control affiliate to have been the cause
of an investment-related business losing its authorization to do
business?
|
Yes
No
|
| 10(e)(4).
disciplined the applicant or a control affiliate by expelling or
suspending it from membership, by barring or suspending its
association with other members, or by otherwise restricting its
activities?
|
Yes
No
|
| 10(f).
Has any foreign government, court, regulatory agency or exchange
ever entered an order against the applicant or a control affiliate
related to investments or fraud?
|
Yes
No
|
Entity information Related to item 10(f) Record:
1 | 10(f)(i).
The individuals named in the Action
| Franklin Templeton Investments Corp. (FTIC) | | 10(f)(ii).
Title of Action
| Securities Act R.S.O. 1990, C.S.5., as amended and FTIC | | 10(f)(iii).
Date of Action
| 3/3/05 | | 10(f)(iv).
The Court or body taking the Action and its location
| Ontario Securities Commission (OSC) | | 10(f)(v).
Description of the Action
| The action concerned the OSC's investigation into market timing activity. | | 10(f)(vi).
The disposition of the proceeding
| FTIC and the OSC reached an agreement that resolved the issues resulting from the OSC's investigation into market timing activity. |
Entity information Related to item 10(f) Record:
2 | 10(f)(i).
The individuals named in the Action
| Templeton Asset Management Ltd. (TAML) | | 10(f)(ii).
Title of Action
| Stipulated Censure | | 10(f)(iii).
Date of Action
| 12/14/10 | | 10(f)(iv).
The Court or body taking the Action and its location
| Hong Kong Securities ad Futures Commission (SFC) | | 10(f)(v).
Description of the Action
| SFC issued a public censure of TAML in connection with its finding that TAML breached Rule 22 of the Hong Kong Takeovers Code as a result of TAML's inadvertent failure to disclose its dealings in the shares of a Hong Kong company between January 26, 2010 and April 15, 2010. | | 10(f)(vi).
The disposition of the proceeding
| Resolved. TAML cooperated wit the SFC and consented to the censure in connection with its inadvertent failure to make disclosures required by the Takeovers Code. TAML publicly disclosed its holdings but missed the additional code requirements. |
Entity information Related to item 10(f) Record:
3 | 10(f)(i).
The individuals named in the Action
| Franklin Templeton Asset Management (India) Private Limited | | 10(f)(ii).
Title of Action
| Adjudication Order Number NP/JS/AO/4-6/2016 | | 10(f)(iii).
Date of Action
| 5/3/16 | | 10(f)(iv).
The Court or body taking the Action and its location
| Securities and Exchange Board of India (SEBI) | | 10(f)(v).
Description of the Action
| SEBI issued a finding that an Indian-domiciled mutual fund was not operated in accordance with the SEBI regulations that stipulate the form of the fund's investment committee (IC) and require that the fund carry out all of its operations, including location of IC members, within India. In connection with that finding, SEBI imposed a penalty on the fund, fund's trustee company and the adviser as manager of the fund in the amount of approximately US$14,672 (the equivalent of the INR amount as of the date of payment) which was paid by the adviser on behalf of all parties. | | 10(f)(vi).
The disposition of the proceeding
| SEBI imposed a penalty on the fund, fund's trustee company and the adviser as manager of the fund of INR 1,000,000 (approximately US$14,672 as of date of payment) was paid by the adviser on behalf of all the parties to resolve the matter on 11/29/16. |
Entity information Related to item 10(f) Record:
4 | 10(f)(i).
The individuals named in the Action
| Franklin Templeton Investment Trust Management Co. LTD. (FTITMC); Certain Employees of Franklin Templeton Investment Trust Management Co. LTD. | | 10(f)(ii).
Title of Action
| Regulatory Inspection | | 10(f)(iii).
Date of Action
| 4/11/19 | | 10(f)(iv).
The Court or body taking the Action and its location
| Asset Management Examination Dept. of the Korean Financial Supervisory Service | | 10(f)(v).
Description of the Action
| In connection with a review of FTITMC's risk management controls and procedures applicable to funds domiciled in Korea under Korean law, the Asset Management Examination Department of the Korean Financial Supervisory Service (FSS) alleged the following deficiencies in connection with the bankruptcies of certain portfolio holdings of certain such funds managed by FTITMC: failure to disclose the details of non-performing assets; failure to provide timely net asset value of such funds reflecting fair market valuation of debt/equity swaps; failure to manage the funds in line with trust agreements with respect to credit and asset limits; and failure to prepare adequate risk management standards for certain Korean domiciled funds that held loans to companies that entered into Chapter 11 bankruptcy in the U.S. FTITMC cooperated with the review throughout the administrative proceeding. | | 10(f)(vi).
The disposition of the proceeding
| FSS imposed an institutional caution and fine of KRW 50 million, ultimately reduced to KRW 40 million (approximately $34,036 at time of payment) for timely payment. |
| 10(g).
Is the applicant or a control affiliate now the subject of a
proceeding that could result in a yes answer for questions 10(a) –
10(f) ?
|
Yes
No
|
Entity information Related to item 10(g) Record:
1 | 10(g)(i).
The individuals named in the Action
| Franklin Templeton Asset Mgmt (India) Private Ltd (FTAMI) Franklin Templeton Trustee Services Pvt Ltd (FTTS) Certain employees and directors of FTAMI | | 10(g)(ii).
Title of Action
| Show Cause Notices | | 10(g)(iii).
Date of Action
| 11/24/20 | | 10(g)(iv).
The Court or body taking the Action and its location
| Securities and Exchange Board of India (SEBI) | | 10(g)(v).
Description of the Action
| ON NOVEMBER 24, 2020, SEBI ISSUED A "SHOW CAUSE NOTICE," INITIATING REGULATORY PROCEEDINGS AGAINST FTAMI IN CONNECTION WITH ITS MANAGEMENT OF SIX FUNDS WHICH WERE SUBJECT TO A DECISION TAKEN BY FTTS TO WIND-UP THOSE FUNDS. ADDITIONAL SHOW CAUSE NOTICES WERE ISSUED ON DECEMBER 1, 2020, TO FTTS AND CERTAIN DIRECTORS AND EMPLOYEES OF FTAMI. SEBI ALLEGED CERTAIN DEFICIENCIES AND AREAS OF NON-COMPLIANCE WITH RESPECT TO DIFFERENTIATION BETWEEN PRODUCTS, RISK MANAGEMENT, CLASSIFICATION OF SECURITIES AND DUE DILIGENCE STANDARDS, AMONG OTHER THINGS. | | 10(g)(vi).
The disposition of the proceeding
| THE MATTER IS PENDING. FTAMI, FTTS AND THE INDIVIDUAL RESPONDENTS ARE COOPERATING IN THIS MATTER. |
| 10(h).
Has a bonding company denied, paid out on, or revoked a bond for
the applicant or a control affiliate?
|
Yes
No
|
| 10(i).
Does the applicant or a control affiliate have any unsatisfied
judgments or liens against it?
|
Yes
No
|
TA-1/A
: Signature
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS
OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS. See 18 U.S.C. 1001
and 15 U.S.C. 78ff(a)
SIGNATURE: The registrant submitting this form,
and as required, the SEC
supplement and Schedules A-D,
And the
executing official hereby represent that all the information
contained herein is true, correct and complete.
| 11(a).
Signature of Official responsible for Form:
| Stefan Bauer | | 11(b).
Telephone Number:
| 49 06927223502 | | 11(c).
Title of Signing Officer:
| Managing Director | | 11(d).
Date Signed (Month/Day/Year):
| 1/15/21 |
|
Yes