| (a) In accordance with §2263.004, Texas Government
Code, financial advisors and service providers that directly or indirectly
receive more than $10,000 in compensation from the pension system
during a state fiscal year and that provide financial services to
the Executive Director, the state board, or individual members of
the state board regarding the investment or management of the fund's
assets shall comply with all applicable standards of conduct with
which they are required to comply in accordance with federal or state
law, rules, or regulations, relevant trade or professional associations,
and the state board's investment policy.
(b) A financial advisor or service provider must agree
to comply with these standards of conduct as a prerequisite to establishing
and continuing any business relationship regarding the fund.
(c) The state board is authorized to terminate any
business or contractual relationship with a financial advisor or service
provider that the state board has determined to have failed to comply
with an applicable standard of conduct.
|
| Source Note: The provisions of this §310.4 adopted to be effective October 2, 2005, 30 TexReg 6063; amended to be effective August 31, 2014, 39 TexReg 6869; amended to be effective December 31, 2019, 44 TexReg 8335 |
