---
kind: "section"
citation: "12 C.F.R. § 150.580"
title: "12"
number: "150.580"
heading: "When may I conduct fiduciary activities without obtaining OCC approval?"
url: "https://uscodex.org/cfr/12/150.580"
---

# §150.580. When may I conduct fiduciary activities without obtaining OCC approval?


Subject to the requirements of this subpart E, you do not need OCC approval under subpart B if you conduct fiduciary activities in the following fiduciary capacities:

- (a) Trustee of a trust created or organized in the United States and forming part of a stock bonus, pension, or profit-sharing plan qualifying for specific tax treatment under section 401(d) of the Internal Revenue Code of 1954 ([26 U.S.C. 401(d)](/usc/26/401.md?p=d)).
- (b) Trustee or custodian of a Individual Retirement Account within the meaning of section 408(a) of the Internal Revenue Code of 1954 ([26 U.S.C. 408(a)](/usc/26/408.md?p=a)).

## Notes

### Authority

Authority: 12 U.S.C. 1462a, 1463, 1464, 5412(b)(2)(B).

### Source

Source: 76 FR 49003, Aug. 9, 2011, unless otherwise noted.