12 CFR 9.6 : Banks And Banking (§ 1.1 To Parts 1816-1899) — (§ 1.1 To Parts 198-199) — Comptroller Of The Currency, Department Of The Treasury (§ 1.1 To Parts 198-199) — Fiduciary Activities Of National Banks (§ 9.1 To § 9.101) — Regulations (§ 9.1 To § 9.20) — 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.