§ 1407 — Rules, regulations and orders

Delaware § 1407

• Jurisdiction: Delaware
• Title: 5
• Part: Banks and Trust Companies
• Ch. 14: FOREIGN BANKS
• Subch.: Foreign Bank Branches, Foreign Bank Limited Purpose Branches and Foreign Bank Agencies

Text

In addition to any other authority granted under this title, the Commissioner may adopt rules and regulations and issue orders under this subchapter for the following purposes:

(1) To prescribe information or forms required in connection with an application pursuant to § 1403(a) of this title;

(2) To authorize permissible activities of foreign bank branches, foreign bank limited purpose branches or foreign bank agencies pursuant to § 1404 of this title;

(3) To prescribe the nature and amount of assets required to be maintained in this State pursuant to § 1405 of this title and to establish procedures governing the determination thereof;

(4) To establish procedures in connection with approvals pursuant to §§ 1403 and 1408 of this title and the filing of required reports pursuant to § 1406 of this title; and

(5) To issue orders under § 1410 of this title and establish procedures governing such issuances.

Legislative History

65 Del. Laws, c. 444, § 6 ; 70 Del. Laws, c. 112, §§ 74, 75 ; 72 Del. Laws, c. 35, § 14