34 Tex. Admin. Code § 310.4 - Standard of Conduct for Financial Advisors and Service Providers
(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.
Notes
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