The OCC issued an interim final rule (the “Rule”) in which it republished, renumbered as OCC regulations and made certain technical changes to those former OTS regulations that the OCC has decided to enforce after the July 21, 2011 merger of the OTS with and into the OCC. The OCC stated that it will consider, later in 2011, making more substantive amendments to the former OTS regulations transferred to the OCC under the Rule. The Rule became effective on July 21, 2011. The OCC said that the Rule would be published in the August 9, 2011 issue of the Federal Register and that the deadline for comments on the Rule will be October 11, 2011.
Alert July 26, 2011