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 10.14730 - Place for Books, Accounts, and Other Records-Blanket Approval
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
Pursuant to Financial Code Section 1759, approval is granted for books, accounts, and other records relating to the business of a subject office of a subject institution to be made, kept, and preserved at a place other than such office, as follows:
(a) In case a subject institution maintains two or more subject offices, books, accounts and other records relating to the business of any office other than the primary office may be made, kept, and preserved at the primary office.
(b) A subject institution may have a person which provides data processing services make, keep, and preserve books, accounts, and other records relating to the business of its subject offices, provided that, unless such person is a California state bank, the person shall file with the Commissioner an agreement that its performance of data processing services and the making, keeping, and preserving of such books, accounts, and other records shall be subject to regulation and examination by the Commissioner to the same extent as if the services were being performed and the books, accounts, and other records made, kept, and preserved by the subject institution itself at its subject offices.
(c) A subject institution may have any responsible storage facility within the United States preserve any books, accounts, and other records relating to the business of its subject offices which are not needed for the transaction of current business, provided that, whenever ordered to do so by the Commissioner, such subject institution shall at its own expense transfer such books, accounts, and other records to such of its subject offices or to such other place within the State of California as may be specified in the Commissioner's order.
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. Change without regulatory
effect amending first paragraph and NOTE filed 8-21-2019 pursuant to section
100, title 1, California Code of
Regulations (Register 2019, No. 34).
Note: Authority cited: Section 326, Financial Code. Reference: Section 1759, Financial Code.
