Supervisory non-objection.

CFR · 2024-01-01 · US · Title 12

(a) (b) (i) Establish to the satisfaction of the OCC that the national bank has established and implemented written policies, procedures, and risk measurement and management systems and controls for the purpose of ensuring that it conducts retail forex transactions in a safe and sound manner and in compliance with this part; and (ii) Provide such other information as the OCC may require. (2) The information provided under paragraph (b)(1) of this section must include, without limitation, information regarding: (i) Customer due diligence, including without limitation credit evaluations, customer appropriateness, and “know your customer” documentation; (ii) New product approvals; (iii) The haircuts that the national bank will apply to noncash margin as provided in § 48.9(b)(2); and (iv) Conflicts of interest. (c) (d)

official document · source cfr-2024 · id 12:§ 48.4