# 17 C.F.R. § 270.17f-3 (2026): Free cash accounts for investment companies with bank custodians

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_17f_3

## Section

- **Citation:** 17 C.F.R. § 270.17f-3 (2026)
- **Heading:** Free cash accounts for investment companies with bank custodians
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 17 CFR: Commodity and Securities Exchanges / Chapter II: SECURITIES AND EXCHANGE COMMISSION / Part 270: RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940 / § 270.17f-3: § 270.17f-3   Free cash accounts for investment companies with bank custodians.

## Text

No registered investment company having a bank custodian shall hold free cash except, upon resolution of its board or directors, a petty cash account may be maintained in an amount not to exceed $500:
Provided,
That such account is operated under the imprest system and is maintained subject to adequate controls approved by the board of directors over disbursements and reimbursements including, but not limited to fidelity bond coverage of persons having access to such funds.
(Sec. 17(f), 54 Stat. 815, 15 U.S.C. 80a-17(f), sec. 9, Pub. L. 91-547, 84 Stat. 1420)
[37 FR 9989, May 18, 1972]

## Nearby sections

- [17 C.F.R. § 270.0-1 (2026) § 270.0-1   Definition of terms used in this part.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_1.md)
- [17 C.F.R. § 270.0-2 (2026) § 270.0-2   General requirements of papers and applications.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_2.md)
- [17 C.F.R. § 270.0-3 (2026) § 270.0-3   Amendments to registration statements and reports.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_3.md)
- [17 C.F.R. § 270.0-4 (2026) § 270.0-4   Incorporation by reference.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_4.md)
- [17 C.F.R. § 270.0-5 (2026) § 270.0-5   Procedure with respect to applications and other matters.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_5.md)
- [17 C.F.R. § 270.0-8 (2026) § 270.0-8   Payment of filing fees.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_8.md)
- [17 C.F.R. § 270.0-10 (2026) § 270.0-10   Small entities under the Investment Company Act for purposes of the Regulatory Flexibility Act.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_10.md)
- [17 C.F.R. § 270.0-11 (2026) § 270.0-11   Customer identification programs.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_0_11.md)
- [17 C.F.R. § 270.2a-1 (2026) § 270.2a-1   Valuation of portfolio securities in special cases.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_2a_1.md)
- [17 C.F.R. § 270.2a-2 (2026) § 270.2a-2   Effect of eliminations upon valuation of portfolio securities.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_2a_2.md)
- [17 C.F.R. § 270.2a-4 (2026) § 270.2a-4   Definition of “current net asset value” for use in computing periodically the current price of redeemable security.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_2a_4.md)
- [17 C.F.R. § 270.2a-5 (2026) § 270.2a-5   Fair value determination and readily available market quotations.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_2a_5.md)
- [17 C.F.R. § 270.2a-6 (2026) § 270.2a-6   Certain transactions not deemed assignments.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_2a_6.md)
- [17 C.F.R. § 270.2a-7 (2026) § 270.2a-7   Money market funds.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_2a_7.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T17_P270_S270_17f_3. Check the current official text before relying on it. Not legal advice.