Bankowość · 06/05/2016

FDIC Finalizes Rule Requiring Securities Transfer Agents to Register

The FDIC has finalized a rule requiring insured State savings associations and subsidiaries to register as transfer agents for qualifying securities, similar to existing requirements for insured State nonmember banks and subsidiaries, and revises the definition of qualifying securities to reflect changes to the Securities Exchange Act of 1934 made by the Jumpstart Our Business Startups Act.