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TREAS/OCC | RIN: 1557-AB63 | Publication ID: Fall 1997 |
Title: ●Fiduciary Activities of National Banks | |
Abstract: The OCC is proposing to add an interpretive ruling to 12 CFR Part 9, governing national banks' fiduciary activities. This interpretive ruling would codify OCC Interpretive Letter #769 (January 28, 1997), which clarifies the types of investment advisory activities that part 9 covers. Generally, the term "investment adviser," as used in part 9, means a national bank providing advice or recommendations concerning the purchase or sale of specific securities, such as a bank engaged in portfolio advisory and management activities. | |
Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 9 | |
Legal Authority: 12 USC 92a 12 USC 93a |
Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Included in the Regulatory Plan: No | |
Agency Contact: Andrew Gutierrez Attorney Department of the Treasury Comptroller of the Currency Legislative and Regulatory Activities, Division, 250 E Street SW, Washington, DC 20219 Phone:202 874-5090 Email: andrew.gutierrez@occ.treas.gov |