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Securities Offering Disclosure Rules

banking-occ · OCC · Rule · Published 1994-11-02

Document

Document number
94-27082
Federal Register citation
CFR reference
12 CFR 5
Type
Rule
Action
Final rule.
Category
banking-occ
Sub-agency
OCC
Publication date
1994-11-02
Treasury docket
Federal Register: November 2, 1994

Abstract

The Office of the Comptroller of the Currency (OCC) is amending its regulations governing the disclosure requirements for offers and sales of national bank securities. This final rule replaces regulations detailing the contents of offering documents covering national bank securities and requires that offering documents conform to the information requirements set forth in the appropriate Securities and Exchange Commission (SEC) registration form. The final rule also cross-references certain provisions of the Securities Act of 1933 and SEC rules. The purpose of the final rule is to reduce unnecessary regulatory burdens on national banks and enhance their ability to raise capital, while maintaining the quality of disclosures provided to investors. The final rule generally treats national bank securities comparably to those of other corporations and eliminates a duplicative and potentially confusing system of regulations and forms.

Source

Authoritative
Federal Register document
Machine
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