Office of the Comptroller of the Currency April 22, 2011 – Federal Register Recent Federal Regulation Documents

Retail Foreign Exchange Transactions
Document Number: 2011-9821
Type: Proposed Rule
Date: 2011-04-22
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 proposing a rule authorizing national banks, Federal branches or agencies of foreign banks, and their operating subsidiaries to engage in off-exchange transactions in foreign currency with retail customers. The proposed rule also describes various requirements with which national banks, Federal branches or agencies of foreign banks, and their operating subsidiaries must comply to conduct such transactions.