N.J. Admin. Code § 17:4A-3.1

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

Section 17:4A-3.1 - Purpose

(a) It is the policy of the Board to ensure that the selection of investment management firms to provide investment management services to the PFRSNJ is based on the merits of such firms and not on the political contributions made by such firms. This subchapter is designed to protect the beneficiaries of the PFRSNJ, the State taxpayers, and the public interest by:

1. Prohibiting investment management firms from being engaged to provide investment management services to the Board if certain political contributions have been made; and

2. Requiring investment management firms that provide, or are applying to provide, investment management services to the Board to disclose certain political contributions, as well as other information, thereby allowing meaningful public scrutiny of the selection of investment management firms.

(b) This subchapter shall apply to investment management firms engaged to provide investment management services in connection with investments of PFRSNJ-managed assets.

N.J. Admin. Code § 17:4A-3.1

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

Amended by 56 N.J.R. 795(a) effective 5/6/2024