California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2.3 - Capital Access Companies
Article 10 - Reports to the Commissioner
Section 280.603 - Report of Civil, Criminal or Disciplinary Action

Universal Citation: 10 CA Code of Regs 280.603

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) A capital access company shall immediately report in writing to the Commissioner any civil, criminal or disciplinary actions filed against the capital access company, or any of its officers, directors, partners, members, employees, persons controlling 10 percent or more of the ownership interests, trustees, or investment advisers or affiliates.

(b) For purposes of this rule, "employee" means an individual with access to or responsibility for any funds held by the capital access company.

1. New section filed 6-24-99; operative 7-1-99 pursuant to Government Code section 11343.4(d) (Register 99, No. 26).

Note: Authority cited: Section 28951, Corporations Code. Reference: Section 28502, Corporations Code.

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