Montana Division of Banking and Financial Institutions · MT
MAR Notice 2-59-604: Notice of Proposed Amendment pertaining to designated manager supervisory requirements
August 28, 2020
Summary
This proposed amendment clarifies the supervisory responsibilities of designated managers within state-licensed financial institutions. It mandates that designated managers maintain active, physical, or documented oversight of daily operations to ensure regulatory compliance at all branch locations.
MAR Notice 2-59-604 — published 2020-08-28
Notice of Proposed Amendment pertaining to designated manager supervisory requirements
Source: https://www.mtrules.org/gateway/ShowNoticeFile.asp?TID=9971
Common questions
- What does "MAR Notice 2-59-604: Notice of Proposed Amendment pertaining to designated manager supervisory requirements" cover?
- This proposed amendment clarifies the supervisory responsibilities of designated managers within state-licensed financial institutions. It mandates that…
- Which agency issued this update?
- This update was issued by Montana Division of Banking and Financial Institutions.
- When was it published?
- It was published on August 28, 2020.
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