The Federal Deposit Insurance Corporation (FDIC) is proposing to amend its filing requirements and processing procedures for notices filed under the Change in Bank Control Act (CBCA). The proposed amendment involves removing the exemption from the notice requirement for acquisitions of voting securities of a depository institution holding company with an FDIC-supervised subsidiary institution for which the Board of Governors of the Federal Reserve System (FRB) reviews a notice under the CBCA1.
The FDIC is also seeking information and comments regarding its approach to change in control notices under the CBCA with regard to persons who may be directly or indirectly exercising control over an FDIC-supervised institution1.
Comments on this proposal must be received by 60 days from the date of publication in the Federal Register1. Comments can be submitted through the FDIC’s website, via email, or by mail1.
