OCC updates licensing booklets

Bank Regulatory Licensing OCC Comptroller's Licensing Manual

On February 28, the OCC issued Bulletin 2022-5 announcing the revision of the Articles of Association, Charter, and Bylaw Amendments, Fiduciary Powers, Subordinated Debt, and Subsidiaries and Equity Investments booklets of the Comptroller’s Licensing Manual. The updated booklets replace the booklets of the same title issued between June 2017 and January 2019. Among other clarifying changes, the updated booklets: (i) reflect recent updates to 12 CFR 5 and other regulations; (ii) remove references to outdated guidance and provide current references; and (iii) make other minor modifications and corrections.