Cal. Code Regs. tit. 10 § 10.190501

Current through Register 2024 Notice Reg. No. 52, December 27, 2024

Section 10.190501 - Compliance with Federal Regulations Governing Credit Exposure Arising from Derivative Financing Transactions

A subject institution shall, with respect to derivative transactions, comply with 12 C.F.R. Part 32.9 subsections (a) and (b) as in effect on October 1, 2013, and as subsequently amended, to the same extent and in the same manner as if such subject institution were a California state chartered bank. The following terms, as used in 12 C.F.R. Part 32.9 , shall instead have the definitions ascribed to them as set forth in subsections (a) through (b) of this regulation:

(a) "national bank," "bank," or "savings association" means a California state chartered bank or savings association.

(b) "Federal banking agency" means the Department of Business Oversight.

Cal. Code Regs. Tit. 10, § 10.190501

1. New section filed 11-19-2013; operative 11-19-2013. This regulation is exempt from OAL review pursuant to Financial Code section 332, is effective on filing and will expire at 12 p.m. on December 31, 2014 (Register 2013, No. 47).
2. New section adopted pursuant to Financial Code section 332(d) filed 7-23-2014; operative 10-1-2014 (Register 2014, No. 30).

Note: Authority cited: Sections 326 and 332, Financial Code. Reference: Section 1481, Financial Code.