The Office of the Comptroller of the Currency ("OCC") corrected the effective date of a proposal to amend guidelines relating to recovery plans for large insured national banks, federal savings associations and federal branches.

The prior Federal Register release incorrectly stated an October 19, 2018 effective date. The OCC clarified that, if adopted, the effective date will be 30 days from the date of publication of the final guidelines in the Federal Register.

As previously covered, the comment deadline for the proposal continues to be November 5, 2018.

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