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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 404760
 
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Affiliate Transactions: Sections 23A and 23B of the Federal Reserve Act

Live Webinar
January 30, 2019
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
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Are you aware of the rules and concepts for the transactions with affiliates requirements?

Many banks engage in transactions with their affiliates. Transactions with affiliates rules under Sections 23A and 23B of the Federal Reserve Act and Regulation W promulgated thereunder provide a framework for types of permissible transactions, applicable requirements and limitations on such transactions, as well as certain transactions that are prohibited altogether. Banks structuring any type of transaction with an affiliate - from a transfer of assets to the receipt of services - must comply with these regulatory requirements. Enforcement actions based on violations of the transactions with affiliates rules are not uncommon. To ensure that bankers and their lawyers are aware of these fundamental rules, this topic reviews the concepts of transactions with affiliates requirements, as well as developments and agency guidance imposed by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Anyone involved on the legal or business side of structuring transactions between banks and their affiliates will benefit from this information.

Learning Objectives

  • You will be able to identify who is and is not an affiliate.
  • You will be able to recognize what transactions are covered by Section 23A and Section 23B.
  • You will be able to discuss the limits on affiliate transactions.
  • You will be able to explain other requirements that apply to affiliate transactions.

Registration

Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart