Utah Admin. Code R164-2-8 - Arm's Length Agreement
(1) An investment
adviser, and any investment adviser representative, who enters into the
contract must reasonably believe immediately before entering into a contract
that the contract represents an arm's length arrangement between the parties
and that the client, or if the client is a company as defined in Subsection
R164-2-3(2) the
person representing the company, understands the proposed method of
compensation and its risks.
(2)
The representative of a company may be a partner, director, officer or an
employee of the company or the trustee, where the company is a trust, or any
other person designated by the company or trustee.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.