[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22655]
Part LI
Federal Deposit Insurance Corporation
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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Completed Actions
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4111. SALES PRACTICES FOR GOVERNMENT SECURITIES
Priority: Substantive, Nonsignificant
Legal Authority: 15 USC 78o-5
CFR Citation: 12 CFR 368
Legal Deadline: None
Abstract: This joint rulemaking by the OCC, the FRS, and the FDIC
establishes standards concerning recommendations to customers and the
conduct of business by banks that are government securities brokers or
dealers. It defines a Business Conduct Rule, a Suitability Rule, and a
Suitability Interpretation. This rule is substantially identical to the
National Association of Securities Dealers' rules governing the sales
of government securities by non-bank brokers or dealers.
Timetable:
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Action Date FR Cite
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NPRM 04/25/96 61 FR 18470
NPRM Comment Period End 06/24/96
Final Action 03/19/97 62 FR 13276
Final Action Effective 07/01/97
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: William A. Stark, Assistant Director, Division of
Supervision, Federal Deposit Insurance Corporation, Washington, DC
20429
Phone: 202 898-6972
RIN: 3064-AB83
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