Regulation L Policy
This Regulation L Policy Template addresses how a bank, credit union, or other type of financial institution adheres to Regulation L – “Management Official Interlocks.” In general, the purpose of the Interlocks Act and Regulation L is to foster competition by generally prohibiting a financial institution management official from serving two nonaffiliated depository organizations in situations when the management interlock likely would have an anticompetitive effect.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Prohibitions – Topic 4
- Permitted Interlocking Relationships – Topic 5
- Small Market Share Exemption – Topic 6
- General Exemption – Topic 7
- Change in Circumstances – Topic 8
- Enforcement – Topic 9
- Clayton Act Reference – Topic 10
- Audit Policy – Topic 11
- Staff Training – Topic 12
- Retention of Documentation – Topic 13
This Regulation L Policy Template (approximately 7 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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