| Notice Filed with SOS |
08/30/2024 |
| Rule |
ProposedRuleAttach2024-00423.docx
|
| Additional Information |
AddInfoAttach2024-00423.pdf
|
| Statutory Authority |
11-101-102. Declaration of policy.
11-102-104. Powers and duties of the banking board.
11-109-103. Applicability of powers of banking board and bank commissioner to trust companies.
11-103-201. Capital. |
| Description of Subjects/Issues |
The purpose of this rule is to provide information and requirements pertaining to risk-based capital.
The purpose of this rulemaking is to repeal Rule 3 CCR 701-6 TC14.
The Colorado Division of Banking (Division) finds that the proposed repeal of this rule is necessary as follows:
The information contained within Rule 3 CCR 701-6 TC14 will be replaced by applicable code of federal regulations pertaining to capital for FDIC regulated institutions through incorporation by reference in Rules 3 CCR 701-6 TC13 and 13.5, as well as the minimum capital-to-total assets ratio requirement into Rule 3 CCR 701-6 TC13.5, thereby making Rule 3 CCR 701-6 TC14 no longer necessary. |
| Purpose/Objective of Rule |
The purpose of this rule is to provide information and requirements pertaining to risk-based capital. |
| Basis And Purpose |
BasisAndPurposeAttachment2024-00423.pdf
|
| Comments |
The Colorado Division of Banking (Division) finds that the proposed repeal of this rule is necessary as follows:
􀆔 The information contained within Rule 3 CCR 701-6 TC14 will be replaced by applicable code of federal regulations pertaining to capital for FDIC regulated institutions through incorporation by reference in Rules 3 CCR 701-6 TC13 and 13.5, as well as the minimum capital-to-total assets ratio requirement into Rule 3 CCR 701-6 TC13.5, thereby making Rule 3 CCR 701-6 TC14 no longer necessary. |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
No
|
| Hearing Date |
10/17/2024 |
| Hearing Time |
10:00 AM |
| Hearing Location |
1560 Broadway, Suite 100D, Denver, Colorado |
| Contact Name |
Charles Siler |
| Contact Title |
Banking Board Administrator |
| Contact Telephone |
3038947584 |
| Contact email |
charles.siler@state.co.us |