§ 107.506. Safeguarding Licensee's assets/Internal controls.
44 words·~1 min read·
/us/cfr/t13/s§ 107.506·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
You must adopt a plan to safeguard your assets and monitor the reliability of your financial data, personnel, Portfolio, funds and equipment. You must provide your bank and custodian with a certified copy of your resolution or other formal document describing your control procedures.