- (1) This rule is issued pursuant to Sections 7-3-3.2 and 7-3-21.
- (2) This rule sets forth standards to govern securities activities of state chartered banks.
- (3) The purpose of this rule is to establish safeguards to ensure that subsidiaries or affiliates engaged in securities activities do not endanger the safeness and soundness of state chartered banks.
KEY: banks and banking, securities, subsidiaries
Date of Last Change: 1995
Notice of Continuation: September 8, 2022
Authorizing, and Implemented or Interpreted Law: 7-3-21