The Office of the Comptroller of the Currency (OCC) is
adopting an interim final rule authorizing Federal savings associations
and their operating subsidiaries to engage in off-exchange transactions
in foreign currency with retail customers, subject to the requirements
enumerated in the OCC's retail forex rule. The rule implements the
provision of the Dodd-Frank Wall Street Reform and Consumer Protection
Act requiring that these transactions be conducted by national banks
and Federal savings associations (and their respective operating
subsidiaries) only pursuant to an authorizing regulation issued by the
OCC. It is substantively the same as the rule the OCC has adopted with
respect to national banks and their operating subsidiaries.
Document Subtype:
Interim Final Rule
Received Date:
September 12 2011, at 12:00 AM Eastern Daylight Time
Start-End Page:
56094 - 56097
Comment Start Date:
September 12 2011, at 12:00 AM Eastern Standard Time
Comment Due Date:
November 14 2011, at 11:59 PM Eastern Standard Time
Retail Foreign Exchange Transactions
Details Information
Comments
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