California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 10 - Banks
Article 6 - California State Offices of Foreign (Other Nation) Banks
Subarticle 3 - Agencies and Branch Offices
Part 4 - Business and Operations-General
Subpart 2 - Books, Accounts, and Other Records
Section 10.14726 - General Requirements
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) A subject institution shall make and keep such books and accounts relating to the business of its subject offices in such form and in such manner as is in accordance with generally accepted accounting principles.
(b) A subject institution shall make and keep other records relating to the business of its subject offices in such form and in such manner as is customary in the transaction of commercial banking business in the State of California and as is necessary to enable the Commissioner to examine such subject offices.
(c) A subject institution shall preserve the books, accounts, and other records relating to the business of its subject offices for such time as is customary in the transaction of commercial banking business in the State of California and as is necessary to enable the Commissioner to examine such subject offices.
(d) Other provisions of this Chapter which require a subject institution to make, keep, or preserve books, accounts, or other records shall be construed, not as any limitation of or exception from the provisions of Subdivision (a), (b), or (c) of this Section, but rather as in addition to such provisions.
1.
Change without regulatory effect amending section filed 8-19-97 pursuant to
section 100, title 1, California Code of
Regulations (Register 97, No. 34).
2. Amendment of subsection (a)
filed 4-14-98; operative 5-14-98 (Register 98, No.
16).
Note: Authority cited: Section 215, Financial Code. Reference: Section 1706, Financial Code.
