Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 26 - EXAMINATION AND OFF-SITE MONITORING OF HAWAII FINANCIAL INSTITUTIONS
Subchapter 1 - GENERAL PROVISIONS
Section 16-26-6 - Coordination with federal authorities

Universal Citation: HI Admin Rules 16-26-6

Current through August, 2024

(a) Every effort shall be made to conduct joint examinations and visitations with federal authorities, or alternating independent examinations and visitations, so that regulatory resources may be maximized and duplication of effort may be minimized.

(b) The scope and frequency of examinations and visitations conducted by the division, shall not be governed by the needs of federal authorities, availability of federal personnel, or the requirements of federal laws or rules.

Where circumstances make it impossible to conduct a joint examination within the twenty-four month period or other period provided by law, the division shall conduct an independent examination.

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