23 CAR pt. 358, Subpart 16 – Private Investment Companies | Midpage

Collections
Code of Arkansas Rules

Subpart 16

23 CAR pt. 358, Subpart 16

Private Investment Companies

1Definitions 2Powers of commission 3Burden of proof 4Exemptions from certain requirements 5Private investment companies owning or controlling applicant or licensee — Duties and power of commission to investigate 6Individual licensing of key executives and employees — Removal from position if found unsuitable or if license is denied or revoked — Suspension of suitability by commission 7Suitability of persons acquiring beneficial or record ownership of any economic security or debt security in private investment company — Report of acquisition — Application — Penalty 8Remuneration, contracts, and employment prohibited for certain unsuitable or unlicensed persons 9Powers of commission 10Required reports and statements — Income tax return — Documents filed with the commission 11Approvals required for dividends and distributions 12Administrative approval required for certain transfers of economic securities in private investment companies 13Reporting required for certain transfers and changes affecting economic securities in private investment companies 14Commission approval required for transfers by the beneficial owners of voting securities of private investment companies 15Commission approval required to issue voting securities 16Penalties for noncompliance with laws and rules 17Fraudulent and deceptive practices prohibited 18Exemptions