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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 12 - Banks and Banking |
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Chapter V - Office of Thrift Supervision, Department of the Treasury |
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Part 550 - Fiduciary Powers of Savings Associations |
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Subpart E - Activities Exempt From This Part |
§ 550.600 - How may funds be invested when I act in an exempt fiduciary capacity?
Latest version.
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§ 550.600 How may funds be invested when I act in an exempt fiduciary capacity?
If you act in an exempt fiduciary capacity under § 550.580, 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.
[62 FR 67703, Dec. 30, 1997, as amended at 67 FR 76299, Dec. 12, 2002]