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OCC Updates Comptroller’s Licensing Manual Booklet to Provide Guidance on Substantial Asset Changes

Agency Rule-Making & Guidance OCC Licensing Comptroller's Licensing Manual

Agency Rule-Making & Guidance

On August 23, the OCC released OCC Bulletin 2017-30 announcing a new booklet to address filing policies and requirements pertaining to substantial asset and charter purpose changes for OCC-supervised national banks and federal savings associations. The “Substantial Asset Changes, Including Changes in Charter Purpose” booklet, which is part of the Comptroller’s Licensing Manual, provides, among other things:

  • an overview of asset changes requiring an application;
  • filing exceptions;
  • the OCC’s decision criteria;
  • the required contents of an application and application process; and
  • references and links to informational resources.