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News Release 2020-150
November 16, 2020
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WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a final rule updating and clarifying licensing policies and procedures.
The final rule makes various changes to the OCC's Rules, Policies, and Procedures for Corporate Activities, 12 CFR part 5, including eliminating unnecessary requirements consistent with safe, sound, and fair operation of the federal banking system. It is part of the OCC's continual effort to modernize its rules and reduce unnecessary regulatory burden.
Among the significant changes are:
Bryan Hubbard (202) 649-6870