N.Y. Comp. Codes R. & Regs. tit. 3 § 50.70
Current through Register Vol. 46, No. 53, December 31, 2024
A mutual trust investment company shall, at least once during each 12-month period, cause an audit to be made by auditors responsible only to its board of directors. The report of such audit shall include a list of the investments owned by the mutual trust investment company at the time of the audit, which shall show the valuation placed on each item on such list by the mutual trust investment company as of the date of the audit, a statement of purchases, sales and any other investment changes and of income and disbursements since the last audit, and appropriate comments as to any investments in default as to payment of principal or interest.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 50.70