N.J. Admin. Code § 17:16-4.6

Current through Register Vol. 56, No. 24, December 18, 2024

Section 17:16-4.6 - Reporting

(a) Except as otherwise provided in (b) and (c) below, each investment management firm that is engaged to provide investment management services to the State shall, prior to engagement and by the last day of the month following the end of each calendar quarter during the term of such engagement, send to the Council and the Division the following information:

1. A list of those persons who qualify as investment management professionals, and any updates to this list;

2. For all political contributions and payments to political parties made by persons described in N.J.A.C. 17:16-4.3(a) or (b), excluding any political contribution or payment to a political party made pursuant to N.J.A.C. 17:16-4.3(c) and (d):

i. The name and address of the contributor;

ii. The name and title of each State official or political party receiving the political contribution or payment;

iii. The amount of the political contribution or payment to the political party; and

iv. The date of the political contribution or payment to the political party.

3. Whether any reported political contribution or payment to a political party is the subject of an exemption pursuant to N.J.A.C. 17:16-4.1 0, and the date of such exemption; and

4. For any payment made to a third party solicitor: the name and business address of the recipient, the services provided by the recipient, the compensation arrangement between the investment management firm and the recipient, and the total dollar amount of payments made during the report period.

(b) No investment management firm shall be required to report to the Council and the Division for any calendar quarter in which such investment management firm has no additions or revisions to information that was already reported in a prior report.

(c) Once a political contribution or payment to a political party or third party solicitor has been disclosed on a report, the investment management firm need not disclose that particular contribution or payment on subsequent reports.

(d) The information required by this section shall be reported on forms provided by the Division.

N.J. Admin. Code § 17:16-4.6

Amended by R.2006 d.317, effective 9/5/2006.
See: 38 N.J.R. 2039(a), 38 N.J.R. 3632(a).
Rewrote introductory paragraph of (b); and rewrote (c).
Amended by R.2014 d.038, effective 3/3/2014.
See: 45 N.J.R. 1477(a), 46 N.J.R. 442(a).
Rewrote the section.