Form FIN454 Custodian Change Checklist for Securities on Deposit - Texas

What Is Form FIN454?

This is a legal form that was released by the Texas Department of Insurance - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a custodian change checklist?
A: A custodian change checklist is a document used to guide the process of transferring securities on deposit from one custodian to another.

Q: Why would a custodian change be necessary?
A: A custodian change may be necessary due to various reasons such as a change in investment strategy, a merger/acquisition, or a desire to switch to a different custodian with better services.

Q: What is the purpose of the FIN454 custodian change checklist?
A: The purpose of the FIN454 custodian change checklist is to ensure a smooth and organized transition of securities on deposit when changing custodians.

Q: What information is typically included in the custodian change checklist?
A: The custodian change checklist typically includes details about the current custodian, the new custodian, a list of securities being transferred, required documentation, and steps to follow during the transition.

Q: Is the FIN454 custodian change checklist specific to Texas?
A: Yes, the FIN454 custodian change checklist is specific to Texas as it is a form used by the Texas Department of Banking for custodian changes involving securities on deposit.