An institution which does not have fiduciary and other representative powers under Chapter 4 of the Banking Code (7 P. S. §§ 401-407) may accept IRA accounts if, under the terms of the instruments creating the accounts, the accounts are savings accounts, share accounts or time deposits with the institution. Such an institution may not commingle an IRA account and may pool IRA accounts subject to the provisions of § 9.4 (relating to rules governing commingling and pooling of IRA accounts).
10 Pa. Code § 9.2
This section cited in 10 Pa. Code § 9.4 (relating to rules governing commingling and pooling of IRA accounts).