Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Thursday, December 17, 2015

FDIC Issues Final Rule for Changes in Control

The FDIC issued a final rule amending filing requirements and processing procedures for notices filed under the Change in Bank Control Act. The rule consolidates and conforms the regulations of state nonmember banks, savings associations and certain parent companies, adds transparency to current FDIC practices and establishes consistency with other agencies’ regulations.

Under the rule, a person who has been approved to acquire control of a covered institution and who has maintained that control must file a second notice if that person’s ownership, control or power to vote will grow to 25% or more of any class of voting securities. The rule also outlines reporting requirements for stock loans held by foreign banks. The final rule takes effect Jan. 1.

View final rule.

No comments:

Post a Comment

Please read our comment policy before making a comment.