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Financial Subsidiaries

banking-occ · OCC · Rule · Published 2000-03-20 · Effective 2000-03-14 · 65 FR 14819

Document

Document number
00-6610
Federal Register citation
65 FR 14819
CFR reference
12 CFR 1501
Type
Rule
Action
Interim final rule with request for comments.
Category
banking-occ
Sub-agency
OCC
Publication date
2000-03-20
Effective date
2000-03-14

Abstract

The Department of the Treasury (Treasury) is issuing an interim final rule to implement the provisions of section 121 of the Gramm-Leach-Bliley Act (GLBA) that authorize the Secretary of the Treasury (Secretary), in consultation with the Board of Governors of the Federal Reserve System (Board), to determine whether activities are financial in nature or incidental to a financial activity, and therefore permissible for a financial subsidiary of a national bank. The interim final rule sets forth the procedure whereby a national bank or other interested party may request the Secretary to make such a determination.

Source

Authoritative
Federal Register document
Machine
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