Comments due: FDIC (proposed rule; transferred OTS rule, securities offerings)
The Federal Deposit Insurance Corp. (FDIC) proposes to remove certain rules transferred to it from the former Office of Thrift Supervision (OTS) regarding securities offerings and to rescind a statement of policy regarding the use of offering circulars related to the public distribution of bank securities. It seeks to create a unified scheme for securities disclosure requirements applicable to FDIC-supervised institutions, proposing a new regulation regarding securities disclosures to be made by State nonmember banks and State savings associations (FDIC-supervised institutions). Technical amendments are also proposed.
Reg lookup: Transferred OTS Regulations Regarding Securities Offerings of State Savings Associations, Statement of Policy on the Use of Offering Circulars, Proposed Rulemaking Regarding Securities Offerings by State Nonmember Banks and State Savings Associations, and Other Technical Amendments