OCC revises the Comptroller’s Licensing Manual

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

On January 31, the OCC announced an updated version of its “Subsidiaries and Equity Investments” booklet of the Comptroller’s Licensing Manual. According to Bulletin 2019-4, the revised booklet now provides additional guidance describing activities that the OCC has determined may be performed in operating subsidiaries and servicer corporations, or through pass-through investments.