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Removal of Transferred OTS Regulations Regarding Certain Subordinate Organizations of State Savings Associations

FDIC · final-rule · Published 2021-02-03 · Effective 2021-03-05 · 86 FR 8098

Document

Document number
2020-28454
Federal Register citation
86 FR 8098
CFR reference
12 CFR 362
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
2021-02-03
Effective date
2021-03-05

Abstract

The Federal Deposit Insurance Corporation (FDIC) is adopting a final rule to rescind and remove rules from the Code of Federal Regulations (CFR) regulations titled Subordinate Organizations that were transferred to the FDIC from the Office of Thrift Supervision (OTS) on July 21, 2011, in connection with the implementation of Title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) regarding subordinate organizations of State savings associations because the FDIC has determined that the requirements for State savings association subordinate organizations included therein are substantially similar to the requirements for State savings associations and their subsidiaries set forth by certain sections of the Federal Deposit Insurance Act (FDI Act) and its implementing regulations.

Source

Authoritative
Federal Register document
Machine
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