Policies and procedures on brokerage placement practices
N.D. Cent. Code § 6-05.2-01
in effect6-05.2-01. Policies and procedures on brokerage placement practices
Each banking institution exercising investment discretion with respect to an account must
adopt and follow written policies and procedures intended to ensure that its brokerage
placement practices comply with all applicable laws and regulations. Among other relevant
matters, the written policies and procedures should address when appropriate:
1. The selection of persons to effect securities transactions and the evaluation of the
reasonableness of any brokerage commissions paid to such persons.
2. The acquisition of any services or products, including research services, in return for
brokerage commissions.
3. The allocation of research or other services among accounts, including those which
did not generate commissions to pay for the research or other services.
4. The need, in appropriate instances, to make disclosures concerning the policies and
procedures to prospective and existing customers.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c05-2.pdf#nameddest=6-05p2-01Fetched: 10/16/2026