View Rule

The Office of the Comptroller of the Currency (OCC) is issuing a notice of proposed rulemaking to revise its policies and procedures concerning the release of non-public OCC information. The proposed rule would introduce several new definitions, including for confidential supervisory information (CSI), qualifying confidentiality agreement, and service provider, and would propose to amend several existing definitions, including non-public OCC information. The proposed rule would introduce new exceptions to the requirement for OCC prior approval for the sharing of CSI. The proposed revisions would provide clarity around when information is not considered to be non-public OCC information. These proposed revisions are to clarify the definition of CSI, to facilitate OCC-supervised institutions’ ability to release CSI expeditiously when necessary for business purposes, and to facilitate the public’s access to aged CSI. The proposed revisions would also clarify the OCC’s stance on referrals for criminal prosecution for the unauthorized disclosure of CSI, including in light of recent case law.