California Government Code

§ 7513.85

GOV § 7513.85 Effective Oct 11, 2009Div. 7 · Title 1 · Ch. 21 · Art. 1

Statute text

(a)The board shall develop and implement, on or before June 30, 2010, a policy requiring the disclosure of payments to placement agents in connection with system investments in or through external managers. The policy shall include, but not be limited to, the following requirements:

(1)Disclosure of the existence of relationships between external managers and placement agents.

(2)A resume for each officer, partner, or principal of the placement agent detailing the person’s education, professional designations, regulatory licenses, and investment and work experience.

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Legislative history

Added by Stats. 2009, Ch. 301, Sec. 4. (AB 1584) Effective October 11, 2009.