Illinois Administrative Code (Last Updated: March 27, 2024)

§4425.10. Purpose

Latest version.

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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