National Credit Union Administration May 26, 2005 – Federal Register Recent Federal Regulation Documents

Sales of Nondeposit Investments
Document Number: 05-10381
Type: Notice
Date: 2005-05-26
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA is proposing to adopt an Interpretive Ruling and Policy Statement (IRPS) on Sales of Nondeposit Investments. The proposed IRPS provides requirements, direction, and guidance to federally-insured credit unions on the establishment and operation of third party brokerage arrangements. The proposed IRPS updates and replaces NCUA's Letter to Credit Unions No. 150 on the sales of nondeposit investments.