Audit of fiduciary activities.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (1) Must not include any officers of the bank or an affiliate who participate significantly in the administration of the bank's fiduciary activities; and (2) Must consist of a majority of members who are not also members of any committee to which the board of directors has delegated power to manage and control the fiduciary activities of the bank.

official document · source cfr-2024 · id 12:§ 9.9