Federal Reserve System August 3, 2011 – Federal Register Recent Federal Regulation Documents

Retail Foreign Exchange Transactions (Regulation NN)
Document Number: 2011-19535
Type: Proposed Rule
Date: 2011-08-03
Agency: Federal Reserve System, Agencies and Commissions
The Board of Governors of the Federal Reserve System (``Board'') is publishing for comment a regulation to permit banking organizations under its supervision to engage in off-exchange transactions in foreign currency with retail customers. The proposed rule also describes various requirements with which banking organizations must comply to conduct such transactions.