Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank



Home > Regulation & Examinations > Laws & Regulations > FDIC Federal Register Citations




FDIC Federal Register Citations

[April 26, 1999 (Volume 64, Number 77)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID:ua26ap99_053-8]
[Page 22316-22317]
Part LV
Federal Deposit Insurance Corporation
_______________________________________________________________________
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC)           Final Rule Stage
_______________________________________________________________________
4232. QUALIFICATION REQUIREMENTS FOR THE RECOMMENDATION OR SALE OF
CERTAIN SECURITIES
Priority:  Substantive, Nonsignificant
Legal Authority:  12 USC 1818; 12 USC 1831
CFR Citation:  12 CFR 342
Legal Deadline: None
Abstract: This rulemaking is sponsored jointly by the OCC, the FRS, and
the FDIC. It establishes qualifications for those banks that sell
certain securities directly to retail customers through their employees
without having to register as a broker under the Securities Exchange
Act. More particularly, this action establishes filing requirements for
banks, and registration, testing, and continuing education requirements
for bank securities representatives consistent with the professional
qualification requirements for broker-dealers and registered
representatives under the Securities Exchange Act and rules thereunder,
and the rules of the securities self-regulatory organizations.
[[Page 22317]]
Timetable:
________________________________________________________________________
Action                            Date                      FR Cite
________________________________________________________________________
NPRM                            12/30/96                    61 FR 68824
NPRM Comment Period End         02/28/97
Final Action                    05/00/99
Regulatory Flexibility Analysis Required: No
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-AB85
_______________________________________________________________________

Last Updated 4/26/1999 regs@fdic.gov

Skip Footer back to content