{"data":{"id":"us/12-cfr-9.3","jurisdiction":"us","citation":"12 CFR 9.3","heading":"Approval requirements.","body":"(a) A national bank may not exercise fiduciary powers unless it obtains prior approval from the OCC to the extent required under 12 CFR 5.26.\n(b) A national bank that has obtained the OCC s approval to exercise fiduciary powers is not required to obtain the OCC s prior approval to engage in any of the activities specified in § 9.7(d) in a new state or to conduct, in a new state, activities that are ancillary to its fiduciary business. Instead, the national bank must follow the notice procedures prescribed by 12 CFR 5.26(e).\n(c) A person seeking approval to organize a special-purpose national bank limited to fiduciary powers shall file an application with the OCC pursuant to 12 CFR 5.20.","path":["Title 12—Banks and Banking","CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY","PART 9—FIDUCIARY ACTIVITIES OF NATIONAL BANKS"],"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":"26974317c2a8370f9f7fde781048dc9aa94f582972906d0bd831ddd9f2763e60","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-9.2","next":"us/12-cfr-9.4"},"notice":"GroundRules: Original legal text. Not legal advice."}