Bankowość · 28/06/1996

Securities of Nonmember Insured Banks

The Federal Deposit Insurance Corporation (FDIC) is proposing revisions to its regulations, detailing registration and reporting requirements for non-member insured banks with securities required to be registered under section 12 of the Securities Exchange Act of 1934 (Exchange Act). The proposal seeks to incorporate through cross reference the corresponding regulations of the Securities and Exchange Commission (SEC) into the provisions of the FDIC's securities regulations. Incorporation through cross reference will assure that the FDIC's regulations remain substantially similar to the SEC's regulations, as required by law. The FDIC is requesting comments on the cross reference to the SEC's regulations and what additional provisions, if any it should include in the regulation.