---
kind: "section"
citation: "12 C.F.R. § 150.600"
title: "12"
number: "150.600"
heading: "How may funds be invested when I act in an exempt fiduciary capacity?"
url: "https://uscodex.org/cfr/12/150.600"
---

# §150.600. How may funds be invested when I act in an exempt fiduciary capacity?


If you act in an exempt fiduciary capacity under [§ 150.580](/cfr/12/150.580.md), 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.

## 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.