Qualified Financial Contracts Recordkeeping Related to Orderly Liquidation Authority
Primary source
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Issuing agencies
Abstract
The Secretary of the Treasury (the "Secretary"), as Chairperson of the Financial Stability Oversight Council, after consultation with the Federal Deposit Insurance Corporation (the "FDIC"), is issuing a determination regarding a request for an exemption from certain requirements of the rule implementing the qualified financial contracts ("QFC") recordkeeping requirements of Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act" or the "Act").
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