FDIC Proposes New Requirements For Custodial Accounts

FDIC Proposes Deposit Insurance Recordkeeping Rule for Banks ...

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking that would ...

Requirements for Custodial Deposit Accounts with Transactional ...

Summary:The Federal Deposit Insurance Corporation (FDIC) issued for public comment a notice of proposed rulemaking (proposal) to strengthen ...

FDIC Proposes New Requirements for Custodial Accounts | Jones Day

The FDIC approved a Proposal that would establish new recordkeeping requirements for IDIs with respect to "custodial deposit accounts with ...

Requirements for Custodial Deposit Accounts with Transactional ...

The proposed rule would create new recordkeeping requirements that establish guardrails and controls for banks with custodial deposit accounts ...

FDIC Proposes New Requirements for Custodial Accounts | Insights

The FDIC issued a notice of proposed rulemaking (Proposed Rule) that would impose new recordkeeping requirements for certain custodial ...

Recordkeeping for Custodial Accounts - Federal Register

The proposed rule provides a specific electronic file format for records on beneficial owners and their interests in the deposited funds. This ...

FDIC Proposes New Recordkeeping Requirements for Custodial ...

On September 17, 2024, the Federal Deposit Insurance Corporation (FDIC) proposed extensive new recordkeeping requirements and other compliance obligations.

FDIC Proposes Rulemaking on Custodial Deposit Accounts in Wake ...

The proposed file specifications for custodial account ledgers are connected to the information that the FDIC would require to make a pass- ...

FDIC proposes to strengthen custodial deposit account ... - Davis Polk

The FDIC recently proposed a rule intended to strengthen insured depository institutions' (IDIs) recordkeeping for custodial deposit accounts with ...

Supervision and Policy Updates | FDIC Advisory Committee on ...

Proposed rule would create recordkeeping requirements that establish new guardrails and controls for banks with custodial deposit accounts with.

FDIC Proposes Recordkeeping and Reconciliation Requirements ...

... new recordkeeping and reconciliation requirements on banks that maintain “custodial deposit accounts with transactional features.

FDIC Proposes Significant Obligations in Connection With Custodial ...

accounts only holding trust deposits (as defined in FDIC regulations) · accounts established by broker-dealers and investment advisers (i.e., ...

FDIC Proposed Recordkeeping Rule for Custodial Deposit Accounts

On September 17, 2024, the Federal Deposit Insurance Corporation (“FDIC”) Board of Directors approved a proposal that would impose recordkeeping ...

FDIC Issues Proposal to Improve Bank Recordkeeping of Fintech ...

On September 17, 2024, the Federal Deposit Insurance Corporation (FDIC) issued a proposed rule (the “Proposed Rule”) intended to strengthen ...

FDIC's Proposed Changes to Custodial Deposit Accounts

The Proposal would require banks holding “custodial deposit accounts with transactional features” to comply with new recordkeeping and related ...

Custody Battles: The FDIC's Latest Proposed Rule on FBO Accounts

Custody Battles: The FDIC's Latest Proposed Rule on FBO Accounts. 9 min. The FDIC has issued a proposed rule that would apply to practically all ...

GT Alert_FDIC Proposes New Requirements for Custodial Accounts

The FDIC issued a notice of proposed rulemaking (Proposed Rule) that would impose new recordkeeping requirements for certain custodial deposit ...

FDIC Proposes Rule to Establish Custodial Account Recordkeeping ...

Financial Services Advisory: FDIC Proposes Rule to Establish Custodial Account Recordkeeping Requirements · IDIs would be required to implement ...

FDIC Proposes New Requirements for Custodial Accounts

On Oct. 2, 2024, the Federal Deposit Insurance Corporation (FDIC) published a notice of proposed rulemaking (Proposed Rule) designed to ...

FDIC Proposes Recordkeeping and Reconciliation Requirements ...

impose new recordkeeping and reconciliation ... FDIC Proposes Recordkeeping and Reconciliation Requirements for Fintech Custodial Accounts.