Director, Shareholder, and Member Meetings

Title:

Director, Shareholder, and Member Meetings

Subject: Director, shareholder, member meetings
Agency: OCC
Status: Interim final rule; request for comments
Summary:

The Office of the Comptroller of the Currency (OCC) is amending its regulations on activities and operations of national banks and corporate activities of Federal savings associations to provide that these institutions may permit telephonic and electronic participation at all board of directors, shareholder, and as applicable, member, meetings. This Interim Final Rule (IFR) will update the OCC’s regulations to conform with modern technologies and enable national banks and Federal savings associations to hold these meetings without violating social distancing restrictions imposed in response to the coronavirus disease 2019 (COVID-19) emergency.

FR Doc:
Date proposed:
Comments due date: July 13, 2020
Effective date:

May 28, 2020

Rule compliance date:
Agency release:

Related Reg Report item(s):

OK for bankers, shareholders to meet by phone, web, Zoom, interim final makes clear

 

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