Examples of OCC Regulation in a sentence
Collective Investment Funds Banks that administer CIFs are subject to OCC Regulation 12 CFR 9.18, “Collective Investment Funds.”52 Similar to the pricing of mutual funds, purchase or redemption (referred to as admission and withdrawal) prices for CIFs are based on the NAV determined after the trade is placed.
Excluded Investment Advisory Contract means any contract or agreement:— (a) with respect to a Covered Bank, described in section 47.8(c)(1) of the OCC Regulation; or (b) with respect to a Covered Entity, described in section 252.88(c)(1) of the FRB Regulation; or (c) with respect to a Covered FSI, described in section 382.7(c)(1) of the FDIC Regulation.
The Section 1 Opt-outs under this section 4(a) are only effective to the extent that the Covered Agreements and Covered Credit Enhancements affected by an Adhering Party’s election hereunder would continue to meet the requirements of the FDIC Regulation, FRB Regulation and OCC Regulation, as applicable.
SUPPLEMENTARY INFORMATION: Background OCC Regulation Review Program The OCC is proposing to revise 12 CFR part 1 pursuant to its Regulation Review Program.
The OCC will work to insure that its changes do not erode public protection or bank safety andsoundness.Timetable:Legal Deadline: NoneAbstract: The OCC, as part of the OCC Regulation Review program, isreviewing all its rules and eliminating regulations that impose unnecessaryburdens relative to maintaining safety and soundness and accomplishingother statutory responsibilities of the OCC.
Your representations note that CCTC is regulated by both the OTS and the OCC as a bank or trust company, and it must comply with OCC Regulation 9.18.
Excluded Foreign Bank Agreement means a Foreign Bank Agreement that does not permit agreements or transactions to be booked at:— (a) with respect to a Covered Bank, a “Federal branch” or “Federal agency,” each of which has the meaning given to such term in the OCC Regulation; or (b) with respect to a Covered Entity, a “U.S. branch” or “U.S. agency,” each of which has the meaning given to such term in the FRB Regulation.
It will revise text in the CFR to reduce burden orduplication, or streamline requirements.Legal Authority: 12 USC 1 et seq; 12 USC 24(Seventh); 12 USC 93aCFR Citation: 12 CFR 1; 12 CFR 7Legal Deadline: NoneAbstract: The OCC, as part of the OCC Regulation Review Program, isreviewing all its rules and eliminating regulations that impose unnecessaryburdens relative to maintaining safety and soundness and accomplishingother statutory responsibilities of the OCC.
Excluded Warrant means any warrant:— (a) with respect to a Covered Bank, described in section 47.8(c)(2) of the OCC Regulation; or (b) with respect to a Covered Entity, described in section 252.88(c)(2) of the FRB Regulation; or (c) with respect to a Covered FSI, described in section 382.7(c)(2) of the FDIC Regulation.
Having determined that the NCDCA is not preempted by the NBA under the recent amendments to the preemption framework made by Dodd-Frank Act, the court must ascertain whether the OCC Regulation 12 C.F.R. § 34.4 preempts the NCDCA.