1. LawStack
  2. Title 12 - Banks and Banking
  3. Chapter I - COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
  4. Part 150 - FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS
  5. Subpart E - Activities Exempt From This Part
  6. 12 CFR § 150.600
12 CFR § 150.600
How may funds be invested when I act in an exempt fiduciary capacity?
November 10, 2020
CFR

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.

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§ 150.590 What standards must I observe when acting in exempt fiduciary capacities?
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§ 150.610 What disclosures must I make when acting in exempt fiduciary capacities?

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