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TREAS/OCC

RIN: 1557-AB93

Publication ID: Spring 2009

Title: Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer Registration
Abstract: This joint rulemaking would implement section 204 of the Gramm-Leach-Bliley Act (GLB Act). Section 204 directs the OCC, FRB, FDIC, and OTS to establish recordkeeping requirements for banks relying on exceptions to the definitions of "broker" and "dealer" contained in paragraphs (4) and (5) of section 3(a) of the Securities Exchange Act of 1934. Pursuant to section 101 of the Financial Services Regulatory Relief Act of 2006, the SEC and the FRB jointly published final rules to implement the "broker" provisions of the GLB Act on October 3, 2007. The rulemaking to implement section 204 of the GLB Act commenced upon the adoption of a final rule by the SEC and the FRB.
Agency: Department of the Treasury(TREAS)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 USC 93a 12 USC 1828(t)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	04/00/2009

Regulatory Flexibility Analysis Required: Undetermined	Government Levels Affected: Undetermined
Federalism: Undetermined
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Hugh Carney Attorney Department of the Treasury Comptroller of the Currency 250 E Street SW., Washington, DC 20219 Phone:202 874-4624 Email: hugh.carney@occ.treas.gov