Regulation 9

A A A

DEFINITION

A regulation that permits national banks to open and operate trust departments in-house and function as fiduciaries. Regulation 9 allows national banks to manage and administrate investment-related activities. They can register stocks, bonds and other securities and act as trustees for them.


INVESTOPEDIA EXPLAINS

Although Regulation 9 gives banks permission to engage in trust-related activities at a federal level, banks must still adhere to state statutes as well. This regulation was issued by the Comptroller of the Currency Department. However, it only applies to national banks and not regional or local entities.


RELATED TERMS
  1. Regulation AA

    A regulation designed to address practices by banks that are perceived as unfair ...
  2. Regulation B

    A regulation intended to prevent discrimination against applicants for consumer ...
  3. Regulation BB

    A regulation that requires banks to provide certain information to the public. ...
  4. Regulation C

    A regulation that implements the Home Mortgage Disclosure Act of 1975. Regulation ...
  5. Regulation CC

    One of the banking regulations set forth by the Federal Reserve. Regulation ...
  6. Fiduciary

    1. A person legally appointed and authorized to hold assets in trust for another ...
  7. Trust

    A fiduciary relationship in which one party, known as a trustor, gives another ...
  8. Trustee

    A person or firm that holds or administers property or assets for the benefit ...
  9. Bank

    A financial institution licensed as a receiver of deposits. There are two types ...
  10. Controller

    An individual who has responsibility for all accounting-related activities within ...
Related Articles
  1. Meeting Your Fiduciary Responsibility
    Professionals

    Meeting Your Fiduciary Responsibility

  2. Ethical Issues For Financial Advisors
    Professionals

    Ethical Issues For Financial Advisors

  3. Can You Trust Your Trustee?
    Home & Auto

    Can You Trust Your Trustee?

  4. Should You Put Your Faith In A Trust?
    Retirement

    Should You Put Your Faith In A Trust?

  5. When, Why And How To File A Complaint ...
    Credit & Loans

    When, Why And How To File A Complaint ...

  6. How does gun control policy affect the ...
    Active Trading Fundamentals

    How does gun control policy affect the ...

  7. Socialist Economies: How China, Cuba ...
    Economics

    Socialist Economies: How China, Cuba ...

  8. Fiscal Deficit
    Economics

    Fiscal Deficit

  9. Eight Financial Safeguards If Disaster ...
    Personal Finance

    Eight Financial Safeguards If Disaster ...

  10. Why a Rise In the National Debt Is Good ...
    Investing

    Why a Rise In the National Debt Is Good ...

comments powered by Disqus
Hot Definitions
  1. Quanto Swap

    A swap with varying combinations of interest rate, currency and equity swap features, where payments are based on the movement of two different countries' interest rates. This is also referred to as a differential or "diff" swap.
  2. Genuine Progress Indicator - GPI

    A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others).
  3. Accelerated Share Repurchase - ASR

    A specific method by which corporations can repurchase outstanding shares of their stock. The accelerated share repurchase (ASR) is usually accomplished by the corporation purchasing shares of its stock from an investment bank. The investment bank borrows the shares from clients or share lenders and sells them to the company.
  4. Microeconomic Pricing Model

    A model of the way prices are set within a market for a given good. According to this model, prices are set based on the balance of supply and demand in the market. In general, profit incentives are said to resemble an "invisible hand" that guides competing participants to an equilibrium price. The demand curve in this model is determined by consumers attempting to maximize their utility, given their budget.
  5. Centralized Market

    A financial market structure that consists of having all orders routed to one central exchange with no other competing market. The quoted prices of the various securities listed on the exchange represent the only price that is available to investors seeking to buy or sell the specific asset.
  6. Balanced Investment Strategy

    A portfolio allocation and management method aimed at balancing risk and return. Such portfolios are generally divided equally between equities and fixed-income securities.
Trading Center