OCC Guidance on Transition Periods under Section 716 of the Dodd-Frank Act

more+
less-
more+
less-

On January 3, the OCC issued guidance regarding requests for a transition period pursuant to Section 716(f) of the Dodd-Frank Act. A federal depository institution that is or may become a swap dealer may submit a request for a transition period, provided that such request conforms to the procedures and conditions established in the guidance. Written requests for transition periods must be submitted by January 31. OCC Release. OCC Guidance.

Topics:  Dodd-Frank, OCC, Swap Dealers, Swaps

Published In: Administrative Agency Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Orrick - Structured Finance Group | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »