OCC EGRPRA final rule

The OCC has issued Bulletin 2017-10 on its publication on January 23, 2017, of a final rule that removes outdated or otherwise unnecessary provisions in certain rules, reducing the regulatory burden on national banks and federal savings associations. The rule, which becomes effective April 1, 2017, also integrates the OCC’s national bank and FSA rules relating to fidelity bonds, Securities Exchange Act of 1934 disclosures, securities offering disclosures, and insider and affiliate lending. The rule is part of the results of the OCC's review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996.