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Terms Used In Utah Code 51-7-18.4- Certified investment adviser: means a federal covered adviser, as defined in Section 61-1-13, or an investment adviser, as defined in Section 61-1-13, who is certified by the director as having met the applicable criteria of council rule. See Utah Code 51-7-3
- Council: means the State Money Management Council created by Section 51-7-16. See Utah Code 51-7-3
- Director: means the director of the Utah State Division of Securities of the Department of Commerce. See Utah Code 51-7-3
- Investment adviser representative: is a s defined in Section 61-1-13. See Utah Code 51-7-3
- Public treasurer: includes the state treasurer and the official of any state board, commission, institution, department, division, agency, or other similar instrumentality, or of any county, city, school district, charter school, political subdivision, or other public body who has the responsibility for the safekeeping and investment of any public funds. See Utah Code 51-7-3
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The council shall provide a list of certified investment advisers to each public treasurer at least semiannually. |
| (b) |
The list of certified investment advisers shall include:
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the name of each certified investment adviser; and |
| (ii) |
the name of each investment adviser representative authorized by the certified investment adviser to provide investment advisory services to public treasurers. |
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In addition to the requirements set forth by rule, in order to become a certified investment adviser as defined in Section 51-7-3, a certified investment adviser shall pay to the director an annual certification fee of $500 due on or before April 30 of each year. |
Enacted by Chapter 248, 2004 General Session
