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Securities of Nonmember Insured Banks

FDIC · final-rule · Published 2005-03-31 · Effective 2005-05-31 · 70 FR 16398

Document

Document number
05-6175
Federal Register citation
70 FR 16398
CFR reference
12 CFR 335
Type
Rule
Action
Interim final rule; request for comment.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
2005-03-31
Effective date
2005-05-31

Abstract

The FDIC is revising its securities disclosure regulations applicable to state nonmember banks with securities required to be registered under section 12 of the Securities Exchange Act of 1934 (Exchange Act). The interim final rule reflects amendments to the Securities Exchange Act of 1934 made by the Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley Act), and accommodates certain operational changes within the FDIC. The rule also incorporates through cross reference changes in regulations adopted by the Securities Exchange Commission (SEC) into the provisions of the FDIC's securities regulations. Incorporation by reference will assure that the FDIC's regulations remain substantially similar to the SEC's regulations, as required by law.

Source

Authoritative
Federal Register document
Machine
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