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76 FR 49003, Aug. 9, 2011, unless otherwise noted.
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Subscribe to: 12 CFR Part 150 Subpart B - Review of a Fiduciary Account
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Before accepting a prospective fiduciary account, you must review it to determine whether you can properly administer the account.
After you accept a fiduciary account for which you have investment discretion, you must conduct a prompt review of all assets of the account to evaluate whether they are appropriate, individually and collectively, for the account.
At least once every calendar year, you must conduct a review of all assets of each fiduciary account for which you have investment discretion. In this review, you must evaluate whether the assets are appropriate, individually and collectively, for the account.