Under the regulations for trust operations, when must confirms be sent for non-discretionary accounts?

In trust operations, confirms for non-discretionary accounts must be sent within one business day. This regulation ensures that clients receive timely notifications regarding transactions made in their accounts. The requirement for sending confirms promptly is intended to enhance transparency and maintain trust in the management of these accounts.

Sending confirms on the same day of the transaction allows clients to have up-to-date information, enabling them to oversee their trust's activities and monitor for any discrepancies. Such prompt communication is crucial in maintaining the integrity of the trust process and ensuring that clients can address any issues swiftly, thus fostering a positive client-advisor relationship.