The FDIC final rule restricting cancellation rights for certain qualified financial contracts was published in the Federal Register.
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The FDIC adopted a final rule that restricts cancellation rights for qualified financial contracts when a counterparty enters into bankruptcy or resolution proceedings.
The Federal Deposit Insurance Corporation requested comments on a proposal to subject certain supervised bank entities to restrictions regarding the terms of their qualified financial contracts.
The FDIC adopted amended registration requirements for insured state nonmember banks and their subsidiaries when acting as transfer agents for qualifying securities.