N.J. Admin. Code § 17:4A-23.2

Current through Register Vol. 56, No. 23, December 2, 2024

Section 17:4A-23.2 - 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 the total PFRSNJ fund assets.

(b) If subsequent to purchasing or writing put options, the limitation at (a) above is exceeded, the Board shall authorize the sale of put options in an amount necessary to comply with such limitation.

N.J. Admin. Code § 17:4A-23.2

Adopted by 53 N.J.R. 1147(a), effective 7/6/2021

Recodified from 17:4A-23.4 by 56 N.J.R. 795(a) effective 5/6/2024