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5 pages. Excerpt: [W]e request clarification: (1) That the prohibition on imposing financial penalties does not preclude compliance with SEC Rule 22c-2; (2) That bank trustees are not precluded from serving as investment manager of a QDIA; (3) That the 30-day notice requirement would not apply under certain limited circumstances (such as in the case of new hires) where such notice may not be practical;[.]
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