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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter I - Comptroller of the Currency, Department of the Treasury |
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Part 150 - Fiduciary Powers of Federal Savings Associations |
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Subpart E - Activities Exempt From This Part |
§ 150.600 - How may funds be invested when I act in an exempt fiduciary capacity?
Latest version.
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§ 150.600 How may funds be invested when I act in an exempt fiduciary capacity?
If you act in an exempt fiduciary capacity under § 150.580, the funds of the fiduciary account may be invested only in the following:
(a) Your accounts, deposits, obligations, or securities.
(b) Other assets as the customer may direct, provided you do not exercise any investment discretion and do not directly or indirectly provide any investment advice for the fiduciary account.