On May 18, 2015, the US Office of the Comptroller of the Currency released a final rule integrating policies and procedures for certain corporate activities and transactions by national banks and federal savings associations. The OCC aims to make the regulatory regime for both national banks and federal savings associations more efficient and streamlined, where possible, to promote fair supervision and to promote the safe and sound operation of the institutions it supervises. The final rule makes technical and conforming changes that will allow certain provisions to apply to national banks and federal savings associations and provides clarity on OCC licensing offices’ responsibilities. The rule also updates the description of the OCC supervision structure and contact information.
The published Federal Register notice, which provides a detailed summary of changes made to the proposed rule in response to comments received by the OCC, is available at: https://www.federalregister.gov/articles/2015/05/18/2015-11229/integration-ofnational-bank-and-federal-savings-association-regulations-licensing-rules and the OCC press release is available at: http://www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-70.html.