Bankowość · 24.12.1996

Recordkeeping and Confirmation Requirements for Securities Transactions

The Federal Deposit Insurance Corporation (FDIC) is issuing for comment a notice of proposed rulemaking that would amend its regulations governing recordkeeping and confirmation requirements for securities transactions. The proposed rulemaking updates, clarifies and streamlines the FDIC regulations and reduces unnecessary regulatory costs and other burdens. The proposed rule reorganizes the regulation, clarifies areas where the rule was confusing, incorporates significant 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 banks.