Browsing: Trust activities

Newsbytes ABA seeks clarity on SEC rule regarding indenture trustees

In a letter following up on a recent meeting between ABA and the Securities and Exchange Commission, ABA called for greater clarity on Rule 17Ad-16, which relates to expectations for notice of assumption responsibilities of indenture trustees, in order to reduce unnecessary operational burden.


The FDIC board today approved a proposal to simplify the deposit insurance rules for deposits of trusts and mortgage servicing accounts. Comments on the proposal will be due 60 days after publication in the Federal Register, and the American Bankers Association will file a comment letter.

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