Which regulation is issued pursuant to 12 USC 92(a)?

Prepare for the Canon Financial Institute CFIRS Exam with flashcards and multiple choice questions. Each question comes with hints and explanations for better understanding. Get ready to excel in your exam!

The regulation issued pursuant to 12 USC 92(a) is 12 CFR 9. This reference points to a specific part of the Code of Federal Regulations that relates to national banks and their authority to engage in trust activities. Specifically, 12 USC 92(a) grants national banks the authority to act as fiduciaries and outlines the conditions under which they can establish trust accounts and engage in various trust activities.

This regulation is significant because it provides clarity and structure to how national banks operate in a fiduciary capacity, ensuring compliance with federal standards. The connection between the statute and the regulation showcases the process through which legislative language is transformed into enforceable rules that govern the banking industry, emphasizing the regulatory framework in place to uphold financial integrity and protect consumers.

Other options such as a U.S. statute, a state statute, or a U.S. court decision do not directly pertain to the regulatory framework that you would find in the context of 12 USC 92(a). These alternatives do not adequately reflect the regulatory specifics of how national banks are regulated under federal law.

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