Code of Federal Regulations · Section
§ 150.580 — When May I Conduct Fiduciary Activities Without Obtaining Occ Approval?
12 C.F.R. § 150.580
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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)).
(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)).
Authorizing Statute
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Qualified pension, profit-sharing, and stock bonus plans26 U.S.C. § 401
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Individual retirement accounts26 U.S.C. § 408
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Administrative provisions12 U.S.C. § 1462a