Kansas Administrative Regulations
Agency 17 - OFFICE OF THE STATE BANK COMMISSIONER
Article 17 - FINANCIAL FUTURES CONTRACTS
Section 17-17-3 - Adoption of policy by bank
Universal Citation: KS Admin Regs 17-17-3
Current through Register Vol. 43, No. 52, December 26, 2024
(a) The board of directors shall establish a written policy to engage in financial futures contracts. Policy objectives and limitations shall be specific enough to outline permissible contract strategies and their relationship to other banking activities.
(b) Record keeping systems shall be sufficiently detailed to permit internal auditors and examiners to determine whether operating personnel have acted in accordance with authorized objectives.
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