The Office of the Comptroller of the Currency (OCC) is amending its rule that prescribes recordkeeping and confirmation requirements for securities transactions. The final rule is another part of the OCC's Regulation Review Program to update and streamline OCC regulations and eliminate unnecessary regulatory costs and other burdens. The final rule reorganizes the OCC's regulation by placing related subjects together, clarifies areas where the rule was confusing, incorporates significant OCC interpretive positions, and updates various provisions to address market developments and regulatory changes by other regulators that affect requirements for recordkeeping and confirmation of securities transactions by national banks.