Department of Treasury July 14, 2011 – Federal Register Recent Federal Regulation Documents

Retail Foreign Exchange Transactions
Document Number: 2011-17514
Type: Rule
Date: 2011-07-14
Agency: Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The Office of the Comptroller of the Currency (OCC) is adopting a final rule authorizing national banks, Federal branches and agencies of foreign banks, and their operating subsidiaries to engage in off-exchange transactions in foreign currency with retail customers. The rule also describes various requirements with which national banks, Federal branches and agencies of foreign banks, and their operating subsidiaries must comply to conduct such transactions.