Ill. Admin. Code tit. 14 § 130.242
Current through Register Vol. 48, No. 49, December 6, 2024
The term "financial institution" shall include, but not be limited to, a manager of investment accounts on behalf of other than natural persons, who, with affiliates, exercises sole investment discretion with respect to such accounts, and provided such accounts exceed 10 in number and have a fair market value of not less than $10,000,000 at the end of the calendar month preceding the month during which the transaction occurred for which the exemption is utilized.
Ill. Admin. Code tit. 14, § 130.242
Amended at 21 Ill. Reg. 15892, effective December 1, 1997