{"data":{"id":"us/12-cfr-150.245","jurisdiction":"us","citation":"12 CFR 150.245","heading":"When is a fiduciary not required to maintain custody or control of fiduciary assets?","body":"If you are deemed a fiduciary based solely on your capacity as investment advisor, as that capacity is defined in § 9.101(a) of this chapter, and have no other fiduciary capacity as enumerated in § 150.30, you are not required to maintain custody or control of fiduciary assets as set forth in § 150.220 or § 150.240.","path":["Title 12—Banks and Banking","CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY","PART 150—FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS","Subpart B—Exercising Fiduciary Powers"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"3b9188008c0900f430e027b8d6b712d03ec34ef69fa307379b446ac0ff61d9fc","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-150.240","next":"us/12-cfr-150.250"},"notice":"GroundRules: Original legal text. Not legal advice."}