FEDERA DEPOSIT INSURANCE CORPORATION 12 CFR Part 335
(6714-01-P)FEDERA DEPOSIT INSURANCE CORPORATION12 CFR Part 335RI 3064-AD67Securties ofNonmember Insured BansAGENCY: Federal Deposit ilsurance Corporation (FDIC).ACTION: Final Rule.SUMMAY: The FDIC is adopting a Final Rule amending Par 335 ofits regulationsthat was issued as an Interim Final Rule published in the Federal Register (see 75 FR73947) on November 30,2010. The final rule adopts amendments to the FDIC'ssecurties disclosure regulations applicable to state nonmember bans with securtiesrequired to be registered under section 12 ofthe Securties Exchange Act of 1934(Exchange Act) and cross references to regulations issued by the Securties ExchangeCommission (SEC). The FDIC received no comments in response to the Interim FinalRule concernng these revisions. Accordingly, the Final Rule makes no changes from theInterim Final Rule that preceded it.
The Final Rule incorporates, though cross references, changes in regulations adopted bythe FDIC's securties regulations. Cross referencing willthe SEC into the provisions ofensure that the FDIC's regulations remain substatially similar to the SEC's regulations,as required by law.DATES: These amendments are effective on (Insert date of publication in theFEDERA REGISTER).FOR FURTHER INFORMTION CONTACT: Dennis Chapman, Senior StaAccountat, Division ofRisk Management Supervision, (202) 898-8922 ordchapman fdic.gov; Maureen Loviglio, Senior Staff Accountant, Division ofRiskManagement Supervision, (202) 898-6777 or mloviglio fdic.gov; or Mark G. Flangan,Counsel, Legal Division, (202) 898-7426 or mflanigan fdic.gov, Federal DepositInsurance Corporation, 550 17th Street, NW., Washington, DC 20429.SUPPLEMENTAL INFORMATION:I. BackgroundSection 12(i) ofthe Exchange Act, as amended (15 U.S.C. 781(i)), authorizes theFDIC to issue regulations applicable to the securties of state nonmember bans that aresubstantially similar to those ofthe SEC with respect to its powers, fuctions, and dutiesto administer and enforce sections lOA(m) (standards relating to audit committees), 12(securties registration), 13 (periodic reporting), 14(a) (proxies and proxy solicitation),14(c) (information statements), 14(d) (tender offers), 14(t) (arangements for changes in2
the Exchange Act, and sectionsdirectors), and 16 (beneficial ownership and reporting) of302 (corporate responsibility for financial reports), 303 (improper influence on conductof audits), 304 (forfeitue of certain bonuses and profits), 306 (insider trades durngblackout periods), 401 (b ) (disclosure of pro forma financial information), 404(management assessment of internal controls), 406 (code of ethics for senior financialoffcers), and 407 (disclosure of audit committee financial experts) of the Sarbanes-OxleyAct (codified at 15 U.S.C. 7241, 7242, 7243, 7244, 7261, 7262, 7264, and 7265) inregard to the depository institutions for which the FDIC is the appropriate Federalthebanng agency. These regulations must be substatially similar to the regulations ofSEC under the listed sections of the Exchange Act and the Sarbanes-Oxley Act, unlessthe FDIC publishes its reasons for deviating from the SEC's rules: The FDIC'sreguations governng state nonmember bans with securties subject to the provisions oftitle 12 ofthe Exchange Act are contained in par 335 ofthe Code ofFederal Regulations(CFR).II. Interim Final Rule and Request for CommentsDirectors authorized publication ofIn November 2010, the FDIC's Board ofanInterim Final Rule in the Federal Register which revised Par 335 by cross referencingthe FDIC's securtieschanges in regulations adopted by the SEC into the provisions ofregulations. The Interim Final Rule also modified Par 335 by eliminating references tospecific CFR sections and subpars ofreferences to titles and pars ofthe SEC's rules, and by replacing them withthe CFR instead. Furer, these changes reflect changesto SEC reguations with respect to small business issuers and provide general guidance1 15 U.sc. 781(i).3
to FDIC filers regarding the electronic filing of certain documents.Finally, the Interim Final Rule made certain nonsubstative changes to part 335 toimprove clarty and readability, and to correct outdated terms. The new par 335 crossreferencing provisions are an efficient way to apply SEC Exchange Act rules to statenonmember bans that have securties registered pursuat to the Exchange Act. Thepar 335 cross referencing revisions will also miniize the need to amend par 335 eachtime the SEC revises its Exchange Act regulations resulting in amendments to a CFRthesection or subpar. The FDIC believes that cross referencing to the regulations ofthe Exchange Act and also helpsSEC simplifies the admstration and enforcement ofpromote unformity and consistency of adminstration.the rule changes, with commentsThe FDIC requested comments on all aspects ofdue by Janua 31, 2011. Commenters were asked to support any suggestions that theFDIC modify the requirements ofthe SEC rules, regulations, and forms for statenonmember bans by demonstrating how such modification would satisfy therequirements ofsection 12(i) ofon the general organization ofthe Exchange Act. The FDIC also welcomed commentsPar 335. No comments were received on the Interi FinalRule.III. Final RuleAs explained above, the FDIC requested comments on the Interim Final Rule thatwas issued on November 30, 2010, and received no comments durng the commentperiod that ended on Janua 31, 2011. Accordingly, the FDIC is issuing the Final Rule4
with no modifications.iv. Regulatory Analysis and ProcedureA. Administrative Procedure ActPursuant to the Administative Procedure Act (APA), 5 U.S.C. 553(b)(B), theFDIC found good cause to issue the Interim Final Rule without fust seeking publiccomment. The Exchange Act requires that the FDIC issue regulations substatiallysimilar to those ofthe SEC or publish its reasons for not doing so. Certain portions ofPar 335 that are being amended are organzational; other portions result from theamendment or adoption of SEC Exchange Act reguations that were published withnotice and opportity for the public to comment. Nonetheless, the FDIC solicited publiccomment and received no comments on the Interim Final Rule. For these reasons, theFDIC confirms its finding that the good cause exception provided for in section553(b)(B) ofthe APA applies to the Final Rule.Section 553(d)(3) ofthe APA provides that the publication ofa rule shall be madenot less than 30 days before its effective date, except "***(3) as otherwse provided bythe agency for good cause found and published with the rule." For reasons that supportedits invocation ofthe good cause exception to section 553(b)(B) ofthe APA, the FDICrelied upon the good cause exception to section 553(d)(3) and published the Interim FinalRule with an immediate effective date. For the same reasons, the FDIC finds that there isgood cause for ths Final Rule to tae effect imediately upon publication in the FederalRegister. The Final Rule is identical to the Interim Final Rule that became effective on5
November 30,2010. No purose would be served by delaying the Final Rule's effectivedate.B. Riegle Community Development and Regulatory Improvement ActThe Riegle Communty Development and Regulatory Improvement Act providesthat any new reguations or amendments to reguations prescribed by a Federal banngagency that impose additional reporting, disclosures, or other new requirements oninsured depository institutions shall tae effect on the first day of a calendar quarerwhich begins on or afer the date on which the regulations are published in final form,uness the agency determines, for good cause published with the rule, that the rue shouldbecome effective before such time? For the same reasons discussed above, the FDICfinds that good cause exists for an immediate effective date for the Final Rule.C. Paperwork Reduction ActThe Final Rule contains no new collections of information as defined by thePaperwork Reduction Act.D. Regulatory Flexibilty ActPursuat to the Regulatory Flexibility Act (R A), a regulatory flexibility analysisproposed rulemaking.3 Asis required only when the agency must publish a notice ofdiscussed in the Interim Final Rule and above, the FDIC has determined for good causethat general notice and opportity for comment is unecessar. Therefore, the RF A,pursuat to 5 U.S.C. § 601(2), does not apply.2 12 U.S.C. § 4802.3 5 U.S.C. §§ 603, 604.6
E. Small Business Regulatory Enforcement Fairness ActThe Offce of Management and Budget (OMB) has determined that the FinalRule is not a "major rule" within the meaning ofthe relevant sections of the SmallBusiness Regulatory Enforcement Act of 1996 (SBREFA) (5 U.S.C. § 801, et seq.).As required by SBREFA, the FDIC will fie the appropriate reports with Congressand the General Accounting Offce so that the Final Rile may be reviewed.F. The Treasury and General Government Appropriations Act, 1999-Assessment ofFederal Regulations and Policies on FamiliesThe FDIC has determined that the Final Rile will not affect family well-beingwithin the measure of section 654 of the Treasury and General GovernentAppropriations Act, enacted as par ofthe Omnbus Consolidated and Emergency1Supplemental Appropriations Act of 1999 (Pub. L. No.05-277, 112 Stat. 2681).G. Plain LanguageSection 722 ofthe Gram-Leach-Bliley Act, Public Law 106-102, 113 Stat.1338, 1471 (November 12, 1999), requires the federal banng agencies to use plainlanguage in all proposed and final rules published after Januar 1,2000. The FDIC hassought to present the revisions to Par 335 in a simple and straightforward maner. Itrequested comments on all aspects ofthe Interim Final Rule and received none.List of Subjects in 12 CFR 335Accounting, Bans, Banng, Confdential business information, Reporting andrecordkeeping requirements, Securties.Directors ofFor the reasons set forth in the preamble, the Board of7the Federal
the Code ofDeposit Insurance Corporation hereby amends par 335 oftitle 12 ofFederalRegulations as follows:1. The authority citation for par 335 continues to read as follows:Authority: 12 U.S.C. § 1819; 15 U.S.C. 781(i), 78m, 78n, 78p, 78w, 7241, 7242,7243, 7244, 7261, 7262, 7264, and 7265.2. Section 335.111 is revised to read as follows:§ 335.111 Forms and schedules.The Exchange Act regulations of the SEC, which are cross referenced under ths par,require the filing of forms and schedules as applicable. Reference is made to SECExchange Act reguation 17 CFR par 249 regarding the availability of all applicable SECExchange Act forms. Required schedules are codified and are found withn the contextofthe SEC's regulations. All forms and schedules shall be titled with the name ofFDIC in substitution for the name ofthe SEC. The filing oftheforms and schedules shall bemade with the FDIC at the address in section 335.701 or may be filed electronically atFDICconnect at https://ww2.fdicconnect.gov/index.asp. However, electronic filing ofForms 3 (§ 335.611), 4 (§Beneficial Ownership Forms 3, 4 and 5 is required. Copies of335.612) and 5 (§ 335.613) and the instrctions thereto may be printed and downoadedfrom https://ww.fdic.gov/regulations/laws/forms.3. Section 335.121 is revised to read as follows:§ 335.121 Listing standards related to audit committees.The provisions ofthe applicable SEC regulation under section 10(A)(m) ofAct shall be followed as codified at 17 CFR par 240.4. Section 335.201 is revised to read as follows:8the Exchange
§ 335.201 Securities exempted from registration.Persons subject to registration requirements under Exchange Act section 12 and subjectto this par shall follow the applicable and curently effective SEC regulations relative toexemptions from registration issued under sections 3 and 12 of the Exchange Act ascodified at 17 CFR par 240.5. Section 335.211 is revised to read as follows:§ 335.211 Registration and reportng.Persons with securties subject to registration under Exchange Act sections 12(b) and12(g), required to report under Exchange Act section 13, and subject to ths par shallfollow the applicable and curently effective SEC regulations issued under section 12(b)ofthe Exchange Act as codified at 17 CFR par 240.6. Section 335.221 is revised to read as follows:§ 335.221 Forms for registration of securities and cross reference to Regulation FD(Fair Disclosure).(a) The applicable forms for registration of securties and similar matters are codified in17 CFR par 249. All forms shall be filed with the FDIC as appropriate and shall be titledwith the name ofthe FDIC instead ofthe SEC.(b) The requirements for Financial Statements can generally be found in Regulation S-X(17 CFR par 210). Bans may also refer to the instrctions for Federal FinancialInstitutions Examination Council (FFIEC) Consolidated Reports of Condition andIncome when preparng unaudited interim statements. The requirements forManagement's Discussion and Analysis ofFinancial Condition and Results ofOperationscan be found at 17 CFR par 229. Additional requirements are provided at Industr9
Guide 3, Statistical Disclosure by Ban Holding Companies, which is found at 17 CFRpar 229.(c) The provisions ofthe applicable and curently effective SEC regulation FD shall befollowed as codified at 17 CFR par 243.7. Section 335.231 is revised to read as follows:§ 335.231 Certfication, suspension of trading, and removal from listig byexchanges.The provisions of the applicable and currently effective SEC regulations under section12(d) ofthe Exchange Act shall be followed as codified at 17 par CFR 240.8. Section 335.241 is revised to read as follows:§ 335.241 Unlisted trading.The provisions of the applicable and currently effective SEC regulations under section12(f) ofthe Exchange Act shall be followed as codified at 17 CFR par 240.9. Section 335.251 is revised to read as follows:§ 335.251 Forms for notification of action taken by national securities exchanges.The applicable forms for notification of action taken by national securties exchanges arecodified in 17 CFR par 249. All forms shall be filed with the FDIC as appropriate andshall be titled with the name ofthe FDIC instead ofthe SEC.10. Section 335.261 is revised to read as follows:§ 335.261 Exemptions, terminations, and definitions.The provisions of12(g) and 12(h) ofthe applicable and currently effective SEC regulations under sectionsthe Exchange Act shall be followed as codified in 17 CFR par 240.11. Section 335.301 is revised to read as follows:10
§ 335.301 Reports of issuers of securities registered pursuant to section 12.The provisions of the applicable and curently effective SEC regulations under section13(a) ofthe Exchange Act shall be followed as codified at 17 CFR par 240.12. Section 335.311 is revised to read as follows:§ 335.311 Forms for annual, quarterly, current, and other reports of issuers.(a) The applicable forms for anual, quarerly, curent, and other reports are codified in17 CFR par 249. All forms shall be filed with the FDIC as appropriate and shall be titledwith the name ofthe FDIC instead ofthe SEC.(b) The requirements for Financial Statements can generally be found in Reguation S-X(17 CFR par 210). Bans may also refer to the instructions for FFIEC ConsolidatedReports of Condition and Income when preparg unaudited interim report. TheFinacial Condition andrequirements for Management's Discussion and Analysis ofResults of Operations can be found at 17 CFR par 229. Additional requirements areincluded in Industry Guide 3, Statistical Disclosure by Ban Holding Companes, whichis found at i 7 CFR par 229.13. Section 335.321 is revised to read as follows:§ 335.321 Maintenance of records and issuer's representations in connection withrequired reports.The provisions ofthe applicable and currently effective SEC regulations under 13(b) ofthe Exchange Act shall be followed as codified at 17 CFR par 240.14. Section 335.331 is revised to read as follows:§ 335.331 Acquisition statements, acquisition of securities by issuers, and othermatters.11
The provisions of13(d) and 13(e) ofthe applicable and currently effective SEC regulations under sectionsthe Exchange Act shall be followed as codifed at 17 CFR par 240;15. Section 335.401 is revised to read as follows:§ 335.401 Solicitations of proxies.The provisions of the applicable and currently effective SEC reguations under sections14(a) and 14(c) ofthe Exchange Act shall be followed as codified at 17 CFR par 240.16. Section 335.501 is revised to read as follows:§ 335.501 Tender offers.The provisions of the applicable and curently effective SEC reguations under sections14( d), 14( e), and 14(t) of the Exchange Act shall be followed as codified at 17 CFR par240.17. Section 335.601 is revised to read as follows:§ 335.601 Requirements of section 16 of the Securities Exchange Act of 1934.Persons subject to section 16 ofthe Exchange Act with respect to securities registeredunder this par shall follow the applicable and curently effective SEC regulations issuedunder section 16 of the Exchange Act (17 CFR par 240), except that the forms describedin § 335.611 (FDIC Form 3), § 335.612 (FDIC Form 4), and § 335.613 (FDIC Form 5)shall be used in lieu ofSEC Form 3, Form 4, and Form 5, respectively. FDIC Forms 3, 4,and 5 shall be fied electronically on FDICconnect atFDIC Forms 3, 4, and 5 and thehttps://ww2.fdicconnect.gov/index.asp. Copies ofinstrctions thereto can be printed and downloaded athtts://ww.fdic.gov/regulations/laws/forms.18. Section 335.611 is revised to read as follows:12
§ 335.611 Initial statement of beneficial ownership of securities (Form 3).Ths form shall be filed in lieu of SEC Form 3 pursuant to SEC rules for initial statementsofbeneficial ownership of securties. The FDIC is authorized to solicit the inormationthe Exchange Act (15required by this form pursuat to sections 16(a) and 23(a) ofU.S.C. 78p and 78w) and the rues and regulations thereunder. SEC reguationsreferenced in this form are codified at 17 CFR par 240.19. Section 335.612 is revised to read as follows:§ 336.612 Statement of changes in beneficial ownership of securities (Form 4).This form shall be filed in lieu of SEC Form 4 pursuant to SEC Rules for statements ofchanges in beneficial ownership of securties. The FDIC is authorized to solicit theinormation required by this form pursuat to sections 16(a) and 23(a) ofthe ExchangeAct (15 U.S.C. 78p and 78w) and the rules and regulations thereunder. SEC regilationsreferenced in this form are codified at 17 CFR par 240.20. Section 335.613 is revised to read as follows:§ 336.613 Annual statement of beneficial ownership of securities (Form 5).Ths form shall be fied in lieu ofstatements ofSEC Form 5 pursuat to SEC Rules for anualbeneficial ownership of securties. The FDIC is authorized to solicit theinformation required by this form pursuat to sections 16(a) and 23(a) ofthe ExchangeAct (15 U.S.c. 78p and 78w) and the rues and regulations thereunder. SEC regulationsreferenced in this form are codified at 17 CFR par 240.21. Section 335.701 is revised to read as follows:§ 335.701 Filing requirements, public reference, and confidentiality.(a) Filng requirements. Unless otherwse indicated in this par, one onginal and four13
conformed copies of all papers required to be fied with the FDIC under the ExchangeAct or regulations thereunder shall be filed at its offce in Washington, DC. Offcialfiings may be filed electronically at https://ww2.fdicconnect.gov/index.asp, except forFDIC Beneficial Ownership Forms 3,4, and 5 for which electronic fiing is mandatory asdescribed in § 335.801(b). Paper fiings should be submitted to the FDIC's office inWashington, DC, and should be addressed as follows: Accountig and SecurtiesDisclosure Section, Division ofRisk Management Supervision, Federal DepositInsurance Corporation, 550 17th Street, NW., Washington, DC 20429. Material may befiled by delivery to the FDIC though the mails or otherwse. The date on which paperfilings are actuly received by the designated FDIC offce shall be the date offiling.(b) Inspection. Except as provided in paragraph (c) of ths section, all information fiedregarding a security registered with the FDIC will be available for inspection at theAccounting and Securities Disclosure Section, Division of Risk ManagementSupervsion, Federal Deposit Insurance Corporation, 550 17th Street, NW., Washington,DC 20429. Beneficial ownership report forms and other offcial fiings that areelectronically submitted to the FDIC are available for inspection on the FDIC's Web siteat htt://ww2.fdic.gov/efr/.(c) Nondisclosure of certain informationfiled Any person filing any statement, report, ordocument with the FDIC under the Exchange Act may make a wrtten objection to thepublic disclosure of any information contained therein in accordace with the procedureset fort in ths paragraph (c) or the instrctions provided for electronic fiing availableon the FDIC's Web site at https://ww2.fdicconnect.gov/index.asp.(1) The person shall omit from the statement, report, or document, when it is filed, the14
portion thereof that it desires to keep undisclosed (hereinafter called the confidentialportion). il lieu thereof, it shall indicate at the appropriate place in the statement, report,or document that the confdential porton has been so omitted and fied separately withthe FDIC.the statement, report, or document filed with(2) The person shall file with the copies ofthe FDIC:the confdential portion, each clearly marked "Confdential(i) As many copies ofthe statement, report, or document fied with the FDICTreatment," as there are copies ofand with each exchange, if any. Each copy shall contan the complete text of the itemand, notwthstading that the confidential portion does not constitute the whole of theanswer, the entire answer thereto; except that in the case where the confdential portion ispar of a financial statement or schedule, only the parcilar financial statement orschedule need be included. All copies of the confidential portion shall be in the sameform as the remainder of the statement, report, or document;the confdential portion. Such(ii) An application makng objection to the disclosure ofapplication shall be on a sheet or sheets separate from the confidential portion and shallcontan:(A) An identification ofthe portion ofthe statement, report, or document that hasbeen omitted;(B) A statement ofthe grounds ofthe objection;(C) Consent that the FDIC may determine the question of public disclosure upon thebasis ofthe application, subject to proper judicial reviews; and(D) The name of each exchange, if any, with which the statement, report, or15
document is filed;(iii) The copies of the confidential portion and the application fied in accordance withths paragraph shall be enclosed in a separate envelope marked "Confdential Treatment"and addressed to Executive Secretar, Federal Deposit Insurance Corporation, 550 17thStreet, NW., Washington, DC 20429.(3) Pending the determination by the FDIC as to the objection filed in accordance withparagraph (c )(2)(ii) of ths section, the conñdential portion will not be disclosed by theFDIC.(4) Ifthe FDIC determines that the objection shall be sustaied, a notation to that effectwill be made at the appropriate place in the statement, report, or document.(5) Ifthe FDIC determines that disclosure ofthe confdential portion is in the publicinterest, a fiding and determination to that effect will be entered and notice of thefinding and determnation will be sent by registered or certfied mail to the person.(6) The confidential portion shall be made available to the public:(i) Upon the lapse of 15 days after the dispatch of notice by registered or certified mail ofthe fiding and determination ofthis section,the FDIC described in paragraph (c)(5) ofor the date of the electronic filing, if prior to the lapse of such 15 days the person shallnot have filed a wrtten statement that he intends in good faith to seek judicial review ofthe finding and determination;(ii) Upon the lapse of 60 days afer the dispatch of notice by registered or certified mail,or the date ofthe electronic filing, ofstatement described in paragraph (c)(6)(i) ofthe finding and determination ofthe FDIC, ifths section shall have been fied and ifpetition for judicial review shall not have been filed withn such 60 days; or16thea
(iii) If such petition for judicial review shall have been filed withn such 60 days uponfinal disposition, adverse to the person, of the judicial proceedings.(7) If the confdential portion is made available to the public, a copy thereof shall beattched to each copy ofthe statement, report, or document fied with the FDIC and witheach exchange concerned.22. Amend Section 335.801 by revising pargraphs (b)(l), (b)(2), (b)(6)(iv), and(b)(6)(v) to read as follows:§ 335.801 Inapplicable SEC regulations; FDIC substituted regulations; additionalinformation.* * * * *(b) Electronicfilings. (1) The FDIC does not paricipate in the SEC's EDGAR(Electronic Data Gathering Analysis and Retreval) electronic filing program (17 CFRpar 232). The FDIC permits volunta electronically tranmitted fiings and submissionsof correspondence and other materials in electronic format to the FDIC, with theexception of Beneficial Ownership Reports (Forms 3, 4, and 5) for which electronic filingis mandatory. Beneficial Ownership Report filing requirements are provided inparagraph (b)(2) ofths section.(2) All reporting persons must electronically fie Beneficial Ownership Reports (FDICForms 3, 4, and 5), including amendments and exhibits thereto, using the Internet-basedinteragency Beneficial Ownership Filings System, except that a reporting person that hasobtaned a continuing hardship exemption under these rues may file the forms with theFDIC in paper format. For electronic fiing purses, FDIC Forms 3, 4, and 5 areaccessible at the Internet-based interagency website for Beneficial Ownership Filings at17
FDICconnect at https://ww2.fdicconnect.gov/index.asp. These forms and theinstrctions thereto ar available for printing and downloading athttp://ww.fdic.gov/regulations/laws/forms. A reporting person that has obtained acontinuing hardship exemption under these rules may file the appropriate forms with theFDIC in paper format. Instrctions for continuing hardship exemptions are provided inparagraph (b)(6) ofths section.* * * * *(6)* * * * *(iv) Where a continuing hardship exemption is granted with respect to an exhibit only,the paper format exhbit shall be filed with the FDIC under Form SE (17 CFR par 249).The name ofthe SEC on the form. Formthe FDIC shall be substituted for the name ofSE shall be filed as a paper cover sheet to all exhibits to Beneficial Ownership Reportssubmitted to the FDIC in paper form pursuant to a hardship exemption.(v) Form SE may be fied with the FDIC up to six business days prior to, or on the date offiing of, the electronic form to which it relates but shall not be fied afer such fiing date.If a paper exhibit is submitted in this maner, requirements that the exhibit be filed with,provided with, or accompany the electronic fiing shall be satisfied. Any requirements asto delivery or fuishing the inormation to persons other than the FDIC shall not beafected by this section.* * * * *By order of the Board of Directors.18
FEDERA DEPOSIT INSURCE CORPORATIONDated at Washington, D.C., ths dayof ,2011.Robert E. FeldmanExecutive Secretar19
3. Section 335.121 is revised to read as follows: § 335.121 Listing standards related to audit committees. The provisions of the applicable SEC regulation under section 10(A)(m) of the Exchange Act shall be followed as codified at 17 CFR par 240. 4. Section 335.201 is revised to read as follows: 8
1.2 European history of deposit insurance 11 1.3 Deposit insurance as an element in the financial safety net 12 2 Deposit insurance fundamentals 15 2.1 Aims and requirements of a modern deposit insurance scheme 15 2.1.1 Aims of deposit insurance 15 2.1.2 Requirements of a deposit insurance scheme 17 2.2 Guarantee promises 19
Deposit Insurance Corporation, to chair a working group that would carry out the task of setting out guidance for effective deposit insurance systems. The final report of the Working Group on Deposit Insurance was discussed and endorsed by the Forum in London, on September 7, 2001. The FSF report on deposit insurance is built on three general .
The Cashier Office will provide pre‐numbered 3‐part deposit slips and plastic tamper resistant deposit bags for the bank deposit. The first 3 digits of the deposit slip is a location number and will identify your department to the Cashiers and the bank. The last 4 digits is a sequential deposit number. All bank deposit slips and bags must .
01/13 consol elec deposit 1 30.00 01/13 deposit intuit pymt soln boyette springs homeow 60.00 01/13 consol elec bill pay deposit 3 90.00 01/17 deposit intuit pymt soln boyette springs homeow 30.00 01/17 consol elec bill pay deposit 7 210.00 01/18 deposit intuit pymt soln boyette springs homeow 60.00 01/18 consol elec bill pay deposit 8 240.00
Minutes of The Meeting of the FDIC Advisory Committee on Economic Inclusion of the Federal Deposit Insurance Corporation Held in the Board Room Federal Deposit Insurance Corporation Building Washington, D.C. Open to Public Observation April 24, 2014 9:04 A.M. The meeting of the FDIC Advisory Committee on Economic
Financial inclusion and deposit insurance: It stands to reason that deposit insurance should promote financial inclusion by bolstering confidence in financial institutions and potentially leading to greater savings among the poor. Access to deposit insurance should provide a measure of protection to small savers, provided they are informed
discusses main features of the deposit insurance schemes and section 5 concludes. The database, country details and sources are presented in the appendix. 2. Deposit insurance adoption As Demirgüç-Kunt, Kane and Laeven (2005) point out, every country has a de facto implicit deposit insurance scheme (IDIS) in place since governments get .
KENYA DEPOSIT INSURANCE ACT No. 10 of 2012 Revised Edition 2012 Published by the National Council for Law Reporting with the Authority of the Attorney-General www.kenyalaw.org [Rev. 2012] No. 10 of 2012 Kenya Deposit Insurance 3 [Issue 1] NO. 10 OF 2012 KENYA DEPOSIT INSURANCE ACT ARRANGEMENT OF SECTIONS
