Subpart B. Subpart B—Exercising Fiduciary Powers

• § 150.130 - How may I conduct multi-state operations?
• § 150.135 - How do I determine which state's laws apply to my operations?
• § 150.136 - To what extent do state laws apply to my fiduciary operations?
• § 150.140 - Must I adopt and follow written policies and procedures in exercising fiduciary powers?

• Fiduciary Personnel and Facilities

  • SECTION § 150.150 - Who is responsible for the exercise of fiduciary powers?
  • SECTION § 150.160 - What personnel and facilities may I use to perform fiduciary services?
  • SECTION § 150.170 - May my other departments or affiliates use fiduciary personnel and facilities to perform other services?
  • SECTION § 150.180 - May I perform fiduciary services for, or purchase fiduciary services from, another association or entity?
  • SECTION § 150.190 - Must fiduciary officers and employees be bonded?

• Review of a Fiduciary Account

  • SECTION § 150.200 - Must I review a prospective account before I accept it?
  • SECTION § 150.210 - Must I conduct another review of an account after I accept it?
  • SECTION § 150.220 - Are any other account reviews required?

• Custody and Control of Assets

  • SECTION § 150.230 - Who must maintain custody or control of assets in a fiduciary account?
  • SECTION § 150.240 - May I hold investments of a fiduciary account off-premises?
  • SECTION § 150.245 - When is a fiduciary not required to maintain custody or control of fiduciary assets?
  • SECTION § 150.250 - Must I keep fiduciary assets separate from other assets?

• Investing Funds of a Fiduciary Account

  • SECTION § 150.260 - How may I invest funds of a fiduciary account?

• Funds Awaiting Investment or Distribution

  • SECTION § 150.290 - What must I do with fiduciary funds awaiting investment or distribution?
  • SECTION § 150.300 - Where may I deposit fiduciary funds awaiting investment or distribution?
  • SECTION § 150.310 - What if the FDIC does not insure the deposits?
  • SECTION § 150.320 - What is acceptable collateral for uninsured deposits?

• Restrictions on Self Dealing

  • SECTION § 150.330 - Are there investments in which I may not invest funds of a fiduciary account?
  • SECTION § 150.340 - May I exercise rights to purchase additional stock or fractional shares of my stock or obligations or the stock or obligations of my affiliates?
  • SECTION § 150.350 - May I lend, sell, or transfer assets of a fiduciary account if I have an interest in the transaction?
  • SECTION § 150.360 - May I make a loan to a fiduciary account that is secured by an interest in the assets of the account?
  • SECTION § 150.370 - May I sell assets or lend money between fiduciary accounts?

• Compensation, Gifts, and Bequests

  • SECTION § 150.380 - May I earn compensation for acting in a fiduciary capacity?
  • SECTION § 150.390 - May my officer or employee retain compensation for acting as a co-fiduciary?
  • SECTION § 150.400 - May my fiduciary officer or employee accept a gift or bequest?

• Recordkeeping Requirements

  • SECTION § 150.410 - What records must I keep?
  • SECTION § 150.420 - How long must I keep these records?
  • SECTION § 150.430 - Must I keep fiduciary records separate and distinct from other records?

• Audit Requirements

  • SECTION § 150.440 - When do I have to audit my fiduciary activities?
  • SECTION § 150.450 - What standards govern the conduct of the audit?
  • SECTION § 150.460 - Who may conduct an audit?
  • SECTION § 150.470 - Who directs the conduct of the audit?
  • SECTION § 150.480 - How do I report the results of the audit?