| Notice Filed with SOS |
08/30/2024 |
| Rule |
ProposedRuleAttach2024-00428.docx
|
| Additional Information |
AddInfoAttach2024-00428.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.
11-109-402. Reports to the banking board and to the commissioner |
| Description of Subjects/Issues |
The purpose of this rule is to specify Call Report filing requirements for depository and non-depository trust companies.
The purpose of this rulemaking is to amend Rule 3 CCR 701-6 TC20.
The Colorado Division of Banking (Division) finds that the proposed amendments this rule are necessary
as follows:
Reinstate section pertaining to the filing of Call Reports within 30 calendar days after the report date that was removed entirely from the Rule upon expiration of the 03/31/2020 Emergency Rule.
Update filing requirement for non-depository trust companies from paper filing to electronic filing.
Clarify that Call Reports are completed on a consolidated basis. |
| Purpose/Objective of Rule |
The purpose of this rule is to specify Call Report filing requirements for depository and non-depository trust companies. |
| Basis And Purpose |
BasisAndPurposeAttachment2024-00428.pdf
|
| Comments |
The Colorado Division of Banking (Division) finds that the proposed amendments this rule are necessary as follows:
􀆔 Reinstate section pertaining to the filing of Call Reports within 30 calendar days after the report date that was removed entirely from the Rule upon expiration of the 03/31/2020 Emergency Rule.
􀆔 Update filing requirement for non-depository trust companies from paper filing to electronic filing.
􀆔 Clarify that Call Reports are completed on a consolidated basis. |
| 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 |