3309-1-06 Ohio-qualified agents and investment managers.

 

 

 

3309-1-06                    Ohio-qualified agents and investment managers.

 

 

 

(A)    For purposes of division (A)(4) of section 3309.157 and section 3309.159 of the Revised Code, an investment manager may be designated as an "Ohio-qualified investment manager" if the investment manager and/or any parents, affiliates, or subsidiaries of the investment manager meets the requirements of divisions (A)(1) and (A)(2) of section 3309.159 of the Revised Code.

 

(B)    For purposes of sections 3309.157 and 3309.159 of the Revised Code, "principal place of business" includes an office in which the agent or investment manager regularly provides securities or investment advisory services and solicits, meets with, or otherwise communicates with clients.

 

(C)For purposes of division (E)(4) of section 3309.157 of the Revised Code, "compensation" shall mean the commissions paid on equity securities transactions and the cost or proceeds on fixed income securities transactions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3309-1-06                                                                                                                              2

Effective:                                                             04/01/2016

Five Year Review (FYR) Dates:                         02/01/2019

CERTIFIED ELECTRONICALLY

Certification

03/22/2016

Date

Promulgated Under:                           111.15

Statutory Authority:                           3309.04

Rule Amplifies:                                  3309.157, 3309.159

Prior Effective Dates:                         4/10/05