Regulatory Alerts2012-03-22
Removal of Documents from the Offices of Banking Corporations
The Supervisor of Banks issued this regulation requiring banking corporation management to establish procedures for the removal of documents from their offices. The rule generally prohibits employees and others from taking documents off-site unless necessary for corporate work, with exceptions for non-confidential materials and customer-specific records. Requests to remove classified documents for external purposes, such as legal defense or research, require explicit authorization from the board of directors to ensure compliance with customer secrecy obligations.
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