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Financial Services Law Insights and Observations

OCC revises Comptroller’s Licensing Manual

Bank Regulatory Federal Issues Agency Rule-Making & Guidance Licensing OCC

On April 7, the OCC announced an updated version of the “General Policies and Procedures,” “Management Interlocks,” and “Public Notice and Comments” booklets of the Comptroller’s Licensing Manual. According to Bulletin 2022-11, the revised booklets replace booklets of the same title issued between January 2017 and October 2019. Additionally, the revised booklets, among other things: (i) reflect recent updates to 12 CFR 5 and other regulations; (ii) update guidance and references; and (iii) make other minor modifications and corrections throughout.