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Rules, Policies, and Procedures for Corporate Activities

banking-occ · OCC · Rule · Published 1996-11-27 · Effective 1996-12-31 · 61 FR 60342

Document

Document number
96-30058
Federal Register citation
61 FR 60342
CFR reference
12 CFR 3
Type
Rule
Action
Final rule.
Category
banking-occ
Sub-agency
OCC
Publication date
1996-11-27
Effective date
1996-12-31
Treasury docket
Docket No. 96-24

Abstract

The Office of the Comptroller of the Currency (OCC) is revising its rules governing corporate applications and notices. This final rule is another component of the OCC's Regulation Review Program to update and streamline OCC regulations, focus regulations on key safety and soundness concerns and agency objectives, and reduce unnecessary regulatory costs and other burdens. The final rule revises and reorganizes the OCC's regulation for national bank corporate activities and transactions. It also modernizes and clarifies the rules, reduces unnecessary regulatory burden and, consistent with statutory requirements, imposes regulatory requirements only where needed to address safety and soundness concerns or to accomplish other statutory responsibilities of the OCC.

Source

Authoritative
Federal Register document
Machine
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