Bankowość · 19/12/2013

FDIC Adopts Final Rule to Remove OTS Regulations on Recordkeeping and Confirmation Requirements for Securities Transactions

The Federal Deposit Insurance Corporation (FDIC) is adopting a final rule to rescind and remove a regulation regarding recordkeeping and confirmation requirements for securities transactions, which were transferred from the Office of Thrift Supervision (OTS) following the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The rule will be effective immediately, and the FDIC is adopting it without any changes following the lack of comments on the proposed rule.