In accordance with Tex. Gov't Code §2263.004, any financial advisor or service provider who receives, directly or indirectly, more than $10,000.00 in compensation from the system during a year and provides financial services to the system, the board, or a member of the board regarding the management or investment of the system's funds shall comply with all applicable standards of conduct established by federal and state laws and regulations, relevant trade and professional associations, and the system's Investment Policy. The system may terminate any business relationship, including the termination of a contract, for failure to comply with an applicable standard of conduct as required by this section.

Source Note: The provisions of this §63.19 adopted to be effective December 31, 2003, 28 TexReg 11609; amended to be effective December 27, 2021, 46 TexReg 9059