Fiduciary Capacity; Non-Fiduciary Custody Activities

Title: Fiduciary Capacity; Non-Fiduciary Custody Activities
Subject: Fiduciary activities
Agency: OCC
Status: Proposed rule
Summary:
The Office of the Comptroller of the Currency (OCC) is inviting comment on an advance notice of proposed rulemaking (ANPR) regarding its fiduciary activities rules and a potential rule for non-fiduciary custody activities of national banks, Federal savings associations, and Federal branches of foreign banks. Specifically, the OCC is considering an amendment to its fiduciary rule to update the definition of fiduciary capacity to include certain State recognized trust-related activities. The OCC also is considering issuing a regulation that would establish certain basic requirements for non-fiduciary custody activities of national banks and Federal savings associations.
FR Doc:
Date proposed: April 23, 2019
Comments due date:

June 28, 2019

Final rule effective date:
Rule compliance date:
Agency release:

Related Reg Report item(s):

ANPR contemplates changes in OCC’s non-fiduciary custody rules

Be the first to comment

Leave a Reply

Your email address will not be published.