402 SCOPE OF REGULATIONS

402 SCOPE OF REGULATIONS

These regulations shall govern the grant of authority to and the management, administration and conduct of trust, other fiduciary business and investment management activities (as these terms are defined in Sec. 403) of banks.

The regulations are divided into three (3) Sub-Parts where:

a. Trust and Other Fiduciary Business shall apply to banks authorized to engage in trust and other fiduciary business including investment management activities;

b. Investment Management Activities shall apply to banks without trust authority but with authority to engage in investment management activities; and

c. General Provisions shall apply to both.