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Gramm–Leach–Bliley Act (GLBA), Regulation R, and Retail Nondeposit Investment Sales

The Gramm-Leach-Bliley Act sets forth certain exceptions for banks from the broker-dealer registration requirements of the Securities and Exchange Act of 1934. The final rules, known as Regulation R, implement certain provisions of the GLBA. Retail Nondeposit Investment Sales involve the sale to retail customers of mutual funds, annuities, and other nondeposit investments.

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Retail Nondeposit Investment Sales (Comptroller’s Handbook, February 1994)
Provides examiner guidance for review of nondeposit investment product retails sales operations, marketing, and promotional activities

References
OCC=Bulletin

Bank Securities Activities: SEC's and Federal Reserve's Final Regulation R (OCC 2007-42, October 2007)
Summarizes rules that define the extent to which securities brokerage activities of banks are subject to SEC regulation R

Nondeposit Investment Sales Examination Procedures (OCC Bulletin 94-13, February 1994)
Provides a new section 413, Retail Nondeposit Investment Sales, for insertion in the Comptroller's Handbook for National Bank Examiners

Retail Sales of Nondeposit Investments: Interagency Statement (OCC 95-52, September 1995)
Clarifies points and answers questions regarding the February 15, 1994, interagency statement on retail sales of nondeposit investment products


Related News and Issuances
Publish DateIdentifierTitle
06/17/2009  OCC 2009-19, Revision to FDIC Rule 12 CFR 360: New Notice Requirements for Sweep Accounts
09/22/1995  OCC 1995-52, Retail Sales of Nondeposit Investment Products: Clarification of Interagency Guidelines
02/24/1994  OCC 1994-13, Non deposit Investment Sales Examination Procedures: Interagency Statement