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Code of Colorado Regulations eDocket
Official Publication of the State Administrative Rules (24-4-103(11) C.R.S.)

Details of Tracking Number  2013-00097


CCR details

Tracking Number 2013-00097
Type of Filing Emergency
Department 700 Department of Regulatory Agencies
Agency 701 Division of Banking
CCR Number 3 CCR 701-1
CCR Title COMMERCIAL BANKS

Proposed rule

Rule
Additional Information
Statutory Authority 11-102-104 C.R.S.
Purpose/Objective of Rule This change to CB101.64 will allow state-chartered banks to continue to engage in derivative transactions. Effective 1/21/2013 Section 611 of the Dodd-Frank Act permits such investments only if State law "takes into consideration credit exposure of derivative transactions."
Basis And Purpose BasisAndPurposeAttachment2013-00097.DOC
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Contact Name Diana S. Gutierrez
Contact Title Banking Board Secretary
Contact Telephone 303-894-7584
Contact email diana.gutierrez@state.co.us

Adopted rule

Adopted Rules AdoptedRules02013-00097.DOC
Redline Redline2013-00097.DOC
Emergency Justification EmergencyJustificationPathAttach2013-00097.DOC
Adopted Date 01/17/2013
Emergency AGO requested date 01/17/2013
Attorney General Opinion 02/01/2013
Effective Date 01/17/2013
Inserted into CCR 02/07/2013