Kan. Admin. Regs. § 122-3-7 - Safekeeping and custody
Current through Register Vol. 40, No. 39, September 30, 2021
All security transactions entered into by the director of investments pursuant to K.S.A. 75-4209
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122-3-7. Safekeeping and custody. All security transactions entered into by the director of investments pursuant to K.S.A. 75-4209(a)(2) and amendments thereto, including securities underlying repurchase agreements, shall be conducted on a delivery versus payment basis. Securities shall be held by the treasurer or a third-party custodian designated by the treasurer, as evidenced by safekeeping receipts held by the treasurer or a third-party custodian. (Authorized by and implementing K.S.A. 1995 Supp. 75-4232, as amended by L. 1996, Ch. 254, Sec. 26; effective, T-122-7-27-95, July 27, 1995; effective Nov. 17, 1995; amended Jan. 24, 1997.)