The Office of the Comptroller of the Currency provided guidance on how the OCC's supervisory approach and processes are applied to the asset management activities of national banks.
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An OCC final rule that codifies an exception to the withdrawal period for banks that administer a collective investment fund primarily invested in real estate or other non-readily marketable assets was published in the Federal Register.
The OCC adopted a final rule that codifies an exception to the withdrawal period for banks that administer a collective investment fund primarily invested in real estate or other non-readily marketable assets.
A bank settled OCC charges for violating the statutory holding period for "other real estate owned" and failing to implement corrective measures.
The Office of the Comptroller of the Currency requested feedback on its fiduciary activities rules and a potential rule for non-fiduciary custody activities.