| Notice Filed with SOS |
09/30/2019 |
| Rule |
ProposedRuleAttach2019-00602.pdf |
| Additional Information |
AddInfoAttach2019-00602.pdf |
| Statutory Authority |
The statutory basis for Banking Board Rule 3-CCR 701-4 PDP5 is found in section 11-10.5-107(4)(a) and 11-10.5-107(4)(b) of the Colorado Revised Statutes (C.R.S.). |
| Description of Subjects/Issues |
The amendment of 3-CCR 701-4 PDP5 is to reflect technical language revisions, changes made in the
Banking Board and Division's practices, changes made to collateral pledging percentages and to align
capital ratios with Prompt Corrective Action (PCA) Capital Guidelines which went into effect on January 1,2015. |
| Purpose/Objective of Rule |
The amendment of PDP5 is to reflect technical language revisions, changes made in the Banking Board and Division's practices, changes made to collateral pledging percentages and to align capital ratios with Prompt Corrective Action Capital Guidelines which went into effect on Jan 1, 2015. |
| Basis And Purpose |
BasisAndPurposeAttachment2019-00602.pdf
|
| Regulatory analysis |
RegulatoryAnalysisAttachment2019-00602.pdf
|
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
No
|
| Hearing Date |
11/21/2019 |
| Hearing Time |
10:00 AM |
| Hearing Location |
DORA Banking, 1560 Broadway Suite 975, Denver CO |
| Contact Name |
Chas Siler |
| Contact Title |
Board Secretary |
| Contact Telephone |
303-894-7575 |
| Contact email |
charles.siler@state.co.us |