---
kind: "section"
citation: "12 C.F.R. § 9.6"
title: "12"
number: "9.6"
heading: "Review of fiduciary accounts."
url: "https://uscodex.org/cfr/12/9.6"
---

# §9.6. Review of fiduciary accounts.

- (a) **Pre-acceptance review.** Before accepting a fiduciary account, a national bank shall review the prospective account to determine whether it can properly administer the account.
- (b) **Initial post-acceptance review.** Upon the acceptance of a fiduciary account for which a national bank has investment discretion, the bank shall conduct a prompt review of all assets of the account to evaluate whether they are appropriate for the account.
- (c) **Annual review.** At least once during every calendar year, a bank shall conduct a review of all assets of each fiduciary account for which the bank has investment discretion to evaluate whether they are appropriate, individually and collectively, for the account.

## Notes

### Authority

Authority: 12 U.S.C. 24 (Seventh), 92a, and 93a; 15 U.S.C. 78q, 78q-1, and 78w.

### Source

Source: 61 FR 68554, Dec. 30, 1996, unless otherwise noted.