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Bankowość · 16/11/1999

FDIC Rescinds Rule for Insured State Nonmember Banks Acting as Municipal Securities Dealers

The Federal Deposit Insurance Corporation (FDIC) has announced the rescission of a rule requiring insured state nonmember banks that act as municipal securities dealers to report certain information about their associates. The FDIC deemed the regulation unnecessary and duplicative, and has decided to repeal it.

Source: Federal Register — Federal Deposit Insurance CorporationOpen original release →