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Gramm–Leach–Bliley Act (GLBA), Regulation R, and Retail Nondeposit Investment Sales

The Gramm-Leach-Bliley Act sets forth certain exceptions for banks from the broker-dealer registration requirements of the Securities and Exchange Act of 1934. The final rules, known as Regulation R, implement certain provisions of the GLBA. Retail Nondeposit Investment Sales involve the sale to retail customers of mutual funds, annuities, and other nondeposit investments.

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Retail Nondeposit Investment Products (Comptroller’s Handbook, January 2015)
Provides examiner guidance for review of nondeposit investment product retails sales operations, marketing, and promotional activities


Banking Circular 196, "FFIEC Supervisory Policy - Securities Lending" (May 7, 1985)

Banking Circular 275, "Free Riding in Custody Accounts" (September 3, 1993)

OCC Bulletin 1994-13, "Nondeposit Investment Sales Examination Procedures: Interagency Statement" (February 24, 1994)

OCC Bulletin 1995-20, "Tying Restrictions: Guidance on Tying" (April 14, 1995)

OCC Bulletin 1995-52, "Retail Sales of Nondeposit Investment Products: Clarification of Interagency Guidelines" (September 22, 1995)

OCC Bulletin 2001-12, "Bank-Provided Account Aggregation Services: Guidance to Banks" (February 28, 2001)

OCC Bulletin 2003-15, "Weblinking: Identifying Risks and Risk Management Techniques" (April 23, 2003)

OCC Bulletin 2004-20, "Risk Management of New, Expanded, or Modified Bank Products and Services: Risk Management Process" (May 10, 2004)

OCC Bulletin 2007-42, "Bank Securities Activities: SEC’s and Federal Reserve’s Final Regulation R" (October 29, 2007)

OCC Bulletin 2009-19, "Revision to FDIC Rule 12 CFR 360: New Notice Requirements for Sweep Accounts" (June 17, 2009)

OCC Bulletin 2010-24, "Incentive Compensation: Interagency Guidance on Sound Incentive Compensation Policies" (June 30, 2010)

OCC Bulletin 2011-12, "Sound Practices for Model Risk Management: Supervisory Guidance on Model Risk Management" (April 4, 2011)

OCC Bulletin 2011-34, "Retail Foreign Exchange Transactions: Final Rule"
(July 28, 2011)

OCC Bulletin 2011-38, "Retail Foreign Exchange Transactions: Interim Final Rule" (September 12, 2011)

OCC Bulletin 2013-29, "Third-Party Relationships: Risk Management Guidance" (October 30, 2013)

OCC Bulletin 2013-39, "Social Media: Consumer Compliance Risk Management Guidance: Final Supervisory Guidance" (December 17, 2013)

OCC Bulletin 2015-2, "Retail Nondeposit Investment Products: Revised Comptroller's Handbook Booklet and Rescissions"
(January 14, 2015)

OCC Interpretive Letter #850, "Proposed Investment Advisory Program" (January 27, 1999)

OCC News Release 2004-23, "OCC Issues Contact Information for Questions Concerning Tying" (March 23, 2004)

OTS Thrift Bulletin 23a, "Sales of Securities" (June 23, 1993)

Related News and Issuances
Publish DateIdentifierTitle
06/17/2009  OCC 2009-19, Revision to FDIC Rule 12 CFR 360: New Notice Requirements for Sweep Accounts
10/29/2007  OCC 2007-42, Bank Securities Activities: SEC’s and Federal Reserve’s Final Regulation R
12/23/2003  NR 2003-104, Federal Regulators Seek Public Comment on Ways to Improve Privacy Notices