This document governs the process of special assessments for expenses associated with specific examinations, investigations, or reviews conducted by the superintendent. It applies to individual institutions subject to examination or investigation. The superintendent has the authority to bill the institutions separately for these expenses, which include costs of examiners and specialists, travel expenses, and administrative expenses associated with contracted services. The special assessments must be billed within 180 days of incurring the expenses and paid within 30 days of billing.

The provided legal document content covers various aspects related to virtual currencies and the operation of licensees in the virtual currency industry. It includes provisions for consumer protection, disclosure requirements, establishment of business continuity and disaster recovery plans, cyber security programs, anti-money laundering programs, financial reporting and compliance requirements, examinations conducted by the superintendent of financial services, maintenance and preservation of books and records, change of control and mergers and acquisitions, introduction or material change of products or services, custody and protection of customer assets, compliance with applicable laws, rules, and regulations, the application process for obtaining a license, and licensing requirements for virtual currency business activity.

This legal document, part of the New York Codes, Rules and Regulations, specifically the Regulations of the Superintendent of Financial Services, establishes cybersecurity requirements for financial services companies. It mandates that covered entities must notify the superintendent within 72 hours of determining a cybersecurity event that either impacts the covered entity and requires notice to a government body, self-regulatory agency, or supervisory body, or has a reasonable likelihood of materially harming any material part of the covered entity’s normal operations.

The provided legal document content pertains to the regulations governing Banking Organizations in New York. These regulations are part of the New York Codes, Rules and Regulations (NYCRR) and fall under the purview of the Superintendent’s Regulations. The document specifies the rules and requirements that apply to Banking Organizations operating in New York. It outlines the obligations, responsibilities, and standards that these organizations must adhere to in order to ensure compliance with the law.

The legal document covers a range of topics related to banking and trust companies. It discusses the applicability of loan limits to letters of credit issued to the Commodity Credit Corporation (CCC) and the conditions under which loans to CCC may be exempt from the limits. It clarifies that cash can be considered as part of the consideration given to a shareholder of a bank to be acquired. It explains the requirements and permissibility of trust companies writing covered call options on securities held by them as trustees.

This legal document pertains to credit unions and their ability to invest in securities. It states that securities held by credit unions should be placed in the custody of a bank or trust company in the name of the credit union, as required by Subdivision 14 of section 453 of the Banking Law. The document addresses an inquiry from a credit union regarding holding securities in bearer form through a broker.

This legal document pertains to a company that wishes to engage in the business of gathering credit card purchase slips from small merchants and presenting them for payment to the issuing bank. The company obtains a more favorable purchase rate by presenting the slips in bulk. The department clarifies that licensing under the Banking Law is only required if the company is in the business of ‘purchasing or otherwise acquiring’ the credit-card obligations.

This legal document, part of the New York Codes, Rules and Regulations, specifically governs the Personal Property Leasing Activities of Banks and Trust Companies. It defines the term ’net-lease’ as a lease where the bank or trust company is not obligated to provide certain services or provisions related to the leased property. It also defines a ‘full-payout lease’ as a lease where the lessor can expect to recover their full investment in the leased property, including financing costs and estimated residual value.

The provided legal document content pertains to the reorganization of a mutual savings bank into a mutual holding company form and the subsequent conversion into a stock holding company. It outlines the requirements and procedures for such conversions, including the approval of the superintendent and the establishment of a liquidation account. The document also addresses the issuance of shares of stock in connection with the reorganization, allowing for the reservation of shares for stock option plans and restricted stock plans.

This legal document pertains to the examination, supervision, regulation, and enforcement authority of the superintendent over investment company holding companies and their subsidiaries for purposes of the European Union Financial Conglomerates Directive. The superintendent has the same authority over these entities as they have over banking organizations under the Banking Law. The document outlines the specific authorities granted to the superintendent, including the application of Banking Law provisions, issuance of orders, imposition of monetary penalties, imposition of capital requirements, prescription of record-keeping requirements, filing of periodic reports, levy of assessments, and issuance of rules and regulations.