N.J. Admin. Code § 17:16-85.4

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

Section 17:16-85.4 - Limitations

(a) The difference between the aggregate market value of purchased put options and written put options outstanding at any one time cannot exceed two percent of the market value of all the pension and annuity funds.

(b) If subsequent to purchasing or writing put options, the limitation in (a) above is exceeded, the Director shall sell put options in an amount necessary to comply with such limitation.

Amended by R.1996 d.222, effective 5/6/1996.
See: 28 N.J.R. 1366(a), 28 N.J.R. 2397(a).
Deleted exception for holdings subject to divestment under P.L. 1985, c.308.
Repealed by R.2006 d.317, effective 9/5/2006.
See: 38 N.J.R. 2039(a), 38 N.J.R. 3632(a).
Section was "Limitations".
New Rule, R.2011 d.223, effective 8/15/2011.
See: 43 N.J.R. 1242(a), 43 N.J.R. 2193(a).
Section was "Reserved".
Recodified from N.J.A.C. 17:16-45.4 by R.2014 d.038, effective 3/3/2014.
See: 45 N.J.R. 1477(a), 46 N.J.R. 442(a).