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Securities of Nonmember Insured Banks

FDIC · final-rule · Published 2010-11-30 · Effective 2010-11-30 · 75 FR 73947

Document

Document number
2010-30078
Federal Register citation
75 FR 73947
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
2010-11-30
Effective date
2010-11-30

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 final rule cross references changes in regulations adopted by the Securities and Exchange Commission (SEC) into the provisions of the FDIC's securities regulations. Cross referencing will assure that the FDIC's regulations remain substantially similar to the SEC's regulations, as required by law. The final rule provides general references to SEC regulations by title and part of the Code of Federal Regulations (CFR), rather than by specific references to sections and subparts of the CFR as are currently provided in part 335. This revision reflects changes to SEC regulations with respect to small business issuers and will provide general guidance to FDIC filers regarding the electronic filing of certain documents. The amendments to part 335 references to SEC regulations will greatly reduce the need for future revisions of part 335, and the FDIC's regulations will be consistent with the SEC regulations through the cross reference stated in 12 CFR 335.101.

Source

Authoritative
Federal Register document
Machine
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