12 CFR 150.600
§ 150.600 How may funds be invested when I act in an exempt fiduciary capacity?
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 150.600, § 150.600 How may funds be invested when I act in an exempt fiduciary capacity?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43765
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.