Regulations Governing Concurrent Conduct of Trust Business by Securities Investment Trust Enterprises, Securities Investment Consulting Enterprises, and Securities Firms Article 9

A SITE, SICE, or securities firm that conducts concurrently specific types of trust business shall put the trust assets delivered by the trustors under the custody of a discretionary investment assets custodian that complies with the Regulations Governing the Conduct of Discretionary Investment Business by Securities Investment Trust Enterprises and Securities Investment Consulting Enterprises.If a securities firm conducts wealth management business or the business of custody and investment of funds on behalf of customers under a trust only, the preceding paragraph shall apply to the collective investment trust account established by the securities firm, but the trust assets of the securities firm need not be put under the custody of a discretionary investment assets custodian provided in the preceding paragraph. However in case the trust asset is money, the money shall be deposited in a dedicated account at a bank that meets the criteria set forth in the Directions for Securities Firms Engaging in Wealth Management Business or the Regulations Governing Custody and Investment of Funds by Securities Firms on Behalf of Customers and under the name of the trust asset.