November 1995

Futures Commission Merchant Activities

Comptroller's Handbook: Futures Commission Merchant Activities Cover Image

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This publication is a part of:

Collection: Comptroller’s Handbook

Series: Safety and Soundness

Category: Other Activities

Transmittal

OCC Issues Derivatives Guidance for Bank Examiners on Futures Brokerage

Overview

This booklet addresses oversight of a national bank's futures commission merchant (FCM) operating subsidiary. The booklet addresses regulatory requirements for and effective oversight of FCM subsidiaries.

Applicability

This booklet applies to the OCC's supervision of national banks. References to national banks in this booklet also generally apply to federal branches and agencies of foreign banking organizations. Refer to 12 USC 3102(b) and the "Federal Branches and Agencies Supervision" booklet of the Comptroller's Handbook for more information.