Illinois Administrative Code
Title 50 - INSURANCE
Part 4425 - SECURITIES CUSTODY AFFIDAVIT
Section 4425.10 - Purpose
Universal Citation: 50 IL Admin Code ยง 4425.10
Current through Register Vol. 48, No. 12, March 22, 2024
The purpose of this Part is to provide verification that dealers maintaining custody and possession of, or control over, the securities of a pension fund are in compliance with the requirements of Section 1-113.7 of the Illinois Pension Code [40 ILCS 5/1-113.7] (see P.A. 90-507, effective August 22, 1997), and this Part. Verification shall take the form of a notarized affidavit provided to the pension fund on an annual basis pursuant to Section 4425.40 of this Part.
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