In accordance with Tex. Gov't Code §2263.004, financial advisors and service providers ("Financial Advisors") who receive, directly or indirectly, more than $10,000.00 in compensation from the System during a fiscal year, and who provide financial services to the System, the System's Board of Trustees, or the individual members of the Board of Trustees regarding the management or investment of the System's funds, shall comply with all applicable standards of conduct with which they are required to comply in accordance with federal or state laws and regulations, relevant trade and professional associations and the System's Investment Policy. Financial Advisors must agree to comply with these standards of conduct as a prerequisite to establishing and continuing any business relationship with the System. Failure to comply with applicable standards of conduct authorizes the System to terminate any business or contractual relationship at the System's discretion.

Source Note:The provisions of this §63.19 adopted to be effective December 31, 2003, 28 TexReg 11609.