12 CFR 150.40 - When do I have investment discretion?
(a) General. You have investment discretion when you have, with respect to a fiduciary account, the sole or shared authority to determine what securities or other assets to purchase or sell on behalf of that account. It does not matter whether you have exercised this authority.
Title 12 published on 2013-01-01
no entries appear in the Federal Register after this date.