ARTICLE
17 May 2016

FDIC Adopts And Expands Securities Transfer Agent Registration Requirements (Fed. Reg.)

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The FDIC published proposed amendments to its regulations requiring insured state nonmember banks and subsidiaries to register with the FDIC as transfer agents for "qualifying securities"...
United States Finance and Banking

The FDIC published proposed amendments to its regulations requiring insured state nonmember banks and subsidiaries to register with the FDIC as transfer agents for "qualifying securities" under Section 12 of the Securities Exchange Act. As adopted, the amendment extends the registration requirement to include insured state savings associations and their subsidiaries. Previously regulated by the Office of Thrift Supervision, which no longer exists, the Dodd-Frank Act transferred this regulatory authority over insured state savings associations to the FDIC.

The final rule will become effective on July 1, 2016.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More