Investment discretion

Investment discretion means, with respect to an account, the sole or shared authority (whether or not that authority is exercised) to determine what securities or other assets to purchase or sell on behalf of the account. A bank that delegates its authority over investments and a bank that receives delegated authority over investments are both deemed to have investment discretion.

Source

12 CFR § 9.2

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Scoping language

For the purposes of this part, the following definitions apply:

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