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§ 1805.205.1. Fidelity Bond.

10 CA ADC § 1805.205.1BARCLAYS OFFICIAL CALIFORNIA CODE OF REGULATIONS

Barclays Official California Code of Regulations Currentness
Title 10. Investment
Chapter 3. Commissioner of Financial Protection and Innovation
Subchapter 11. Securities Depositories
10 CCR § 1805.205.1
§ 1805.205.1. Fidelity Bond.
The securities depository shall keep in effect at all times a fidelity bond providing coverage on each officer and employee, written by a corporate surety licensed by the Department of Insurance of the State of California, in an amount satisfactory to the Commissioner, and ordinarily not less than $1,000,000 or 10% of the aggregate market value of all securities on deposit.
Note: Authority cited: Section 30006, Financial Code. Reference: Sections 30205, 30206 and 30601, Financial Code.
HISTORY
1. New section filed 9-12-73; effective thirtieth.day thereafter (Register 73, No. 37).
2. Editorial correction of NOTE filed 3-9-83 (Register 83, No. 11).
3. Editorial correction of NOTE filed 6-24-83 (Register 83, No. 26).
This database is current through 6/17/22 Register 2022, No. 24
10 CCR § 1805.205.1, 10 CA ADC § 1805.205.1
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