Kansas Administrative Regulations
Agency 17 - OFFICE OF THE STATE BANK COMMISSIONER
Article 17 - FINANCIAL FUTURES CONTRACTS
Section 17-17-4 - Notice to commissioner
Current through Register Vol. 43, No. 52, December 26, 2024
A bank shall notify the commissioner of the bank's intention to engage in financial futures contracts before commencement of the activity. The bank shall include the following information in the notice:
(a) a copy of the written policy of the bank, established by the board of directors, pursuant to K.A.R. 17-17-3;
(b) the background and experience of all persons authorized to buy and sell contracts;
(c) the trading limits to be imposed upon all persons authorized to buy and sell contracts;
(d) the conditions, if any, which permit deviations from trading limits;
(e) the bank personnel responsible for authorizing any deviations in trading limits;
(f) the procedures developed to prevent unauthorized trading;
(g) copies of forms, in blank, which inform management of the daily contract activity; and
(h) copies of internal record keeping forms, in blank, which reflect the bank's daily contract activity with regard to: