Regulation L: Management Official Interlocks
Seat Time: 0.25hrs
This course will introduce the learner to Regulation L and its relationship to bank management. The learner will be instructed on the rules and restrictions for management officials and if they can serve as management officials at other financial institutions. After completing this program, the learner will understand:
- Restrictions on simultaneous management.
- Exceptions to Regulation L.
- Examples of depository organizations that will allow for simultaneous management.
T1. Regulation L: This topic will familiarize the learner with Regulation L, which prohibits any management official of one depository organization from serving simultaneously as a management official at another depository organization if the organizations are not affiliated.