|Federal Information & News Dispatch, Inc.|
To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches of Foreign Banks; Department and Division Heads; All Examining Personnel; and Other Interested Parties
Description: Comptroller's Handbook Revisions and Rescissions
This updated booklet provides guidance for examiners and bankers on how national banks and federal savings associations (collectively, banks) may legally and prudently engage in transactions with insiders. The booklet explains how to implement risk management processes that provide for the appropriate control and monitoring of insider activities. It also explains how examiners review and assess insider activities during the supervisory process.
Major updates include the following:
- 2006 changes to Regulation O (12 CFR 215) reporting requirements.
- Certain Dodd-Frank Wall Street Reform and Consumer Protection Act provisions, including
- section 614 amendment to 12
- section 615 amendment to 12
- technical amendment to 12 CFR 215 to implement section 312(b)(2)(A) of Dodd-Frank. 12 CFR 215.12 states that the requirements of 12 CFR 215 apply to savings associations (and any subsidiary of a savings association) in the same manner and to the same extent as if the savings association were a member bank.
- Insider-related statutory or regulatory requirements for federal savings associations.
See original table at: http://www.occ.gov/news-issuances/bulletins/2013/bulletin-2013-31.html
With the issuance of this bulletin, the following publications have been rescinded:
- OCC Bulletin 2006-48, "Revisions to 12 CFR 215 (Regulation O): Repeal of Certain Reporting Requirements" (
For further information, contact
Senior Deputy Comptroller and Chief National
- "Insider Activities (http://www.occ.gov/publications/publications-by-type/comptrollers-handbook/_pdf/m-ia.pdf)" (PDF)
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