Utah Administrative Code
Topic - Commerce
Title R164 - Securities
Rule R164-2 - Investment Adviser - Unlawful Acts
Section R164-2-4 - Performance-based Contract Exemption
Universal Citation: UT Admin Code R 164-2-4
Current through Bulletin 2024-18, September 15, 2024
Notwithstanding Subsection 61-1-2(2), an investment adviser may enter into, extend or renew an investment advisory contract which provides for compensation to the investment adviser on the basis of a share of capital gains upon or capital appreciation of the funds, or any portion of the funds, of the client if the conditions in Sections R164-2-5 through R164-2-9 are met.
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