If you act in an exempt fiduciary capacity under § 150.580, the funds of the fiduciary account may be invested only in the following:

Terms Used In 12 CFR 150.600

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Fiduciary: A trustee, executor, or administrator.

(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.