Kan. Admin. Regs. § 17-17-3

Current through Register Vol. 43, No. 46, November 14, 2024

Section 17-17-3 - Adoption of policy by bank

(a) The board of directors shall establish a written policy to engage in financial futures contracts. Policy objectives and limitations shall be specific enough to outline permissible contract strategies and their relationship to other banking activities.

(b) Record keeping systems shall be sufficiently detailed to permit internal auditors and examiners to determine whether operating personnel have acted in accordance with authorized objectives.

Kan. Admin. Regs. § 17-17-3

Authorized by K.S.A. 9-1713; implementing K.S.A. 1995 Supp. 9-1101; effective, T-85-20, July 2, 1984; effective May 1, 1985; amended Aug. 9, 1996.