20 NCAC 03 .0704. REQUIREMENTS FOR THE RFP

(a)  The RFP shall contain all of the requirements that must be met by a manager before certification can be granted.

(b)  The RFP issued by the Secretary shall require at least the following information:

(1)           Experience, capability and financial ability of the applicant to provide mutual fund managerial services;

(2)           Services and options that will be offered to participants;

(3)           Systems of accounting and reporting to the participants and the Commission;

(4)           Investment management plan for the fund;

(5)           A plan for implementation of the fund;

(6)           Audit and insurance needs of the fund;

(7)           A detailed breakdown of costs to be borne by the fund; and

(8)           Estimated performance.

 

History Note:        Authority G.S. 159‑3(f); 159‑30(c)(7);

Eff. February 1, 1982.