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Effective Date: Removal of Transferred OTS Regulations Regarding Certain Subordinate Organizations of State Savings Associations

FDIC issued a final rule to rescind and remove rules from the Code of Federal Regulations regulations titled Subordinate Organizations that were transferred to FDIC from the Office of Thrift Supervision (OTS) on 07/21/2011, in connection with implementation of Title III of the Dodd-Frank Act regarding subordinate organizations of state savings associations. FDIC has determined that the requirements for state savings association subordinate organizations included therein are substantially similar to the requirements for state savings associations and their subsidiaries set forth by certain sections of the Federal Deposit Insurance Act and its implementing regulations. Read more here.

  • March 5, 2021
  • Time: All Day