Cal. Code Regs. tit. 10 § 260.204.12
Current through Register 2024 Notice Reg. No. 44, November 1, 2024
An investment adviser to a capital access company licensed under the Capital Access Company Law (Corporations Code Section 28000 et seq.) is exempt from the certification requirement of Section 25230 of the Code as not being necessary or appropriate in the public interest or for the protection of investors when (i) making recommendations with respect to the investment of funds of the capital access company as provided for in subdivision (e) of Section 28152 of the Code for that company and (ii) pursuant to an approved contract as required by Section 28212 of the Code.
Cal. Code Regs. Tit. 10, § 260.204.12
Note: Authority cited: Sections 25204 and 25610, Corporations Code. Reference: Sections 25204 and 25230, Corporations Code.