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| FDIC | RIN: 3064-AE25 | Publication ID: Fall 2016 |
| Title: Record Retention Requirements | |
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Abstract:
The Federal Deposit Insurance Corporation (FDIC) is adopting a final rule that implements section 210(a)(16)(D) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. This statutory provision requires the promulgation of a regulation establishing schedules for the retention by the FDIC of the records of a covered financial company (i.e., a financial company for which the necessary determination has been made for the appointment of the FDIC as receiver pursuant to title II of the Dodd-Frank Act) as well as for the records generated or maintained by the FDIC that relate to its exercise of its title II orderly liquidation authorities as receiver with respect to such covered financial company.
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| Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Substantive, Nonsignificant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Completed Actions |
| Major: No | Unfunded Mandates: No |
| CFR Citation: 12 CFR 380 | |
| Legal Authority: 12 U.S.C. 5381(b) 12 U.S.C. 5389 12 U.S.C. 5390(a)(7)(d) 12 U.S.C. 5390(a)(16)(D) 12 U.S.C. 5390(s)(3) ... | |
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Legal Deadline:
None |
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Timetable:
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| Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
| Small Entities Affected: No | Federalism: No |
| Included in the Regulatory Plan: No | |
| RIN Information URL: www.fdic.gov/regulations/laws/federal | Public Comment URL: www.fdic.gov/regulations/laws/federal |
| RIN Data Printed in the FR: No | |
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Agency Contact: Elizabeth Falloon Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:703 562-6148 Email: efalloon@fdic.gov Teresa Franks Assistant Director Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:571 858-8226 Email: tfranks@fdic.gov |
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