Effective date of FDIC amendments to Part 341

The FDIC has published [81 FR 27295] a final rule to amend its regulations requiring insured State nonmember banks, or subsidiaries of such banks, that act as transfer agents for qualifying securities under section 12 of the Securities Exchange Act of 1934 ('34 Act) to register with the FDIC. The agency is issuing its proposed rule, published on December 22, 2015, as final, without change. The final rule requires insured State savings associations and subsidiaries of such State savings associations that act as transfer agents for qualifying securities to register with the FDIC, similar to the registration requirements applicable to insured State nonmember banks and subsidiaries of such banks. The rule also revises the definition of qualifying securities to reflect statutory changes to the '34 Act made by the Jumpstart Our Business Startups Act (JOBS Act). The rule becomes effective July 1, 2016.

https://federalregister.gov/a/2016-10529