Regulatory Alerts2025-12-04
Notice of Proposed Rule: Chapter 107 Repeal of Regulation 07 on Activities Permissible for Financial Institution Holding Companies
The Maine Superintendent of Financial Institutions proposes repealing Regulation #07 under Chapter 107 to redefine permissible activities for financial institution holding companies. This rulemaking action aims to modernize state oversight by removing outdated operational restrictions and aligning holding company practices with current financial standards. Interested parties must consult the official agency website to access the complete regulatory text and participate in the public comment process.
Please find a link below to the Superintendent’s notice of current agency rulemaking proposals. https://www.maine.gov/pfr/financialinstitutions/laws-rules/proposed-rules /s/ Lloyd P. LaFountain, III Superintendent Gardiner, Maine November 19, 2025