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90-minute live streaming program
  • January 30
  • 1:00 - 2:30 pm EST

Also available as:

OnDemand Webinar
Audio & Reference Manual

Affiliate Transactions: Sections 23A and 23B of the Federal Reserve Act

January 30

Are you aware of the rules and concepts for the transactions with affiliates requirements?

Many banks engage in transactions with their affiliates. Transactions with affiliates rules under Sections 23A and 23B of the Federal Reserve Act and Regulation W promulgated thereunder provide a framework for types of permissible transactions, applicable requirements and limitations on such transactions, as well as certain transactions that are prohibited altogether. Banks structuring any type of transaction with an affiliate – from a transfer of assets to the receipt of services – must comply with these regulatory requirements. Enforcement actions based on violations of the transactions with affiliates rules are not uncommon. To ensure that bankers and their lawyers are aware of these fundamental rules, this topic reviews the concepts of transactions with affiliates requirements, as well as developments and agency guidance imposed by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Anyone involved on the legal or business side of structuring transactions between banks and their affiliates will benefit from this information.

Learning Objectives

  • You will be able to identify who is and is not an affiliate.
  • You will be able to recognize what transactions are covered by Section 23A and Section 23B.
  • You will be able to discuss the limits on affiliate transactions.
  • You will be able to explain other requirements that apply to affiliate transactions.

Who Can Benefit from Affiliate Transaction Training?

The training is designed for anyone in the legal or financial field who wants to learn about affiliate transactions or is involved in creating company compliance processes and policies. You may find section 23b and section 23a training useful if you are:

  • A vice president
  • An attorney
  • A branch manager
  • A CFO
  • A controller
  • A president
  • A credit and collection manager
  • A loan officer
  • An employee in a loan department
  • A compliance officer
  • An accountant

If you are starting in your career, section 23a and section 23b training can help you stay confident during the application process. If you are growing your career, this training may help you qualify for CLE and CPE credits. It can also help you develop the skills you need for pursuing new opportunities. Training also allows you to stay up-to-date with regulatory changes, so you can stay fully compliant.

If you’d like to know about the current types of covered transactions or the latest regulations regarding treatment of netting arrangements, credit exposure or other issues, section 23a and section 23b training can help. If you’re unsure about the exemptions for section 23a and section 23b or would like to know how to navigate exceptions, training can help you. Training may also be important if you are concerned about compliance or have had violations issues in the past.

If you are involved with affiliate transactions or creating a compliance policy at your organization, affiliate transaction training gives you the tools you need. With strong affiliate transaction training, you can master the regulatory understanding you need to stay compliant and help your organization move forward within the current regulatory framework.

Why Affiliate Transaction Training With Lorman Education Services?

As a busy professional, you may not have time in your schedule to travel to live training events or take part in scheduled online training. Lorman Education Services has developed affiliate transaction training you can access from any computer or mobile device, so you to train on your own time and at your own pace. With OnDemand training and other options available through Lorman Education Services, you can also review the material as needed, allowing you to develop a deeper understanding of affiliate transactions.

Lorman Education Services offers interactive training online, which allows you to learn with others and ask questions. You can contact the trainer and receive text-based materials to help you train. OnDemand and self-paced options are also available if you cannot attend scheduled online events.

By ordering an All-Access Pass, you gain access to all affiliate transaction training as well as related training for one full year. As new training is made available, you will be able to access it. As materials are updated, you can review it. In addition, you can review the training materials as often as you want for a full twelve months.

Training about affiliates is available in different formats, so you can study the way that suits you best. Whether you learn best in an interactive environment or through text or audio materials, Lorman Education Services offers the options you need. If you need in-person training for your whole team or custom solutions, contact Lorman Education Services for custom solutions.

Lorman Education Services works with the best minds in the legal and financial fields to bring you robust affiliate transaction training. As regulatory environments change, training material is updated to reflect the changes, so you stay current. Training is designed to be relevant to your field, so you are given the affiliate transaction information you need.

Since 1987, more than 1.4 million professionals in the legal, financial and other fields have turned to Lorman Education Services for their training needs. Sign up for an All-Access Pass to gain access to the affiliate transaction training and discover why more professionals turn to us.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Are Section 23A and Section 23B of the Federal Reserve Act and Regulation W Thereunder?

When Do These Statutes Apply?

Who Is and Who Is Not an Affiliate?

What Transactions Are Covered By, and What Transactions Are Exempt From, Section 23A and Section 23B?

What Are the Limits on Affiliate Transactions?

What Other Requirements Apply to Affiliate Transactions?

Recent Developments With the Transactions With Affiliate Requirements and How Changes Are Being Implemented

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on December 14, 2016.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AL CLE 1.5
     
  • This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.5 hours credit.
     
  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, Inc. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • GA CLE 1.5
     
  • This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.5 CLE hours.
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • MS CLE 1.5
     
  • This program has been approved by the Mississippi Commission on Continuing Legal Education for a maximum of 1.5 credit hours.
     
  • MT CLE 1.5
     
  • This program has been approved by the Montana Commission of Continuing Legal Education for a total of 1.5 CLE credits.
     
  • NH MCLE 1.5
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 90 Minutes.
     
  • NJ CLE 1.8
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.8 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.5
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
     
  • TN CLE 1.5
     
  • This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.5 hours of credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of Law & Legal Procedure credit.
     
  • WI CLE 1.5
     
  • This program has been approved by the Board of Bar Examiners for 1.5 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 1.8
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.8 MCLE hours.
     
  • CPE 1.8 including Business Law 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Business Law for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MO CLE 1.8
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for presidents, vice presidents, branch managers, loan officers, compliance officers, loan department personnel, accountants, controllers, CFOs, credit and collection managers, and attorneys.

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Can't Attend?

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Will C. Giles

Will C. Giles

White & Case LLP

  • Counsel in the Global Financial Institutions Advisory Practice of White & Case LLP, based in the firm’s Washington, DC office
  • Advises on a variety of financial regulatory matters involving the regulation of U.S. and non-U.S. banking organizations
  • Extensive prior experience advising the Federal Reserve Board and its senior staff on a wide range of legal matters as a Special Counsel in the Board’s Legal Division, including matters involving the Federal Reserve Act and Regulation W
  • Can be contacted at 202-637-6281 or [email protected]
Kevin L. Petrasic

Kevin L. Petrasic

White & Case LLP

  • Partner and head of the Global Financial Institutions Advisory Practice of White & Case LLP, based in the firm’s New York and Washington, D.C., offices
  • Advises national and international financial firms, including banks, securities brokerage and insurance firms, and other financial services providers, on a broad range of regulatory, legislative, transactional, and compliance issues under federal and state banking laws, including before the Federal Reserve Board, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau
  • Extensive experience in Dodd-Frank compliance, bank/thrift and holding company regulation, credit card and consumer financial compliance laws, UDAAP issues, data privacy/protection, cybersecurity and data breach issues, compliance laws impacting payments systems, mergers and acquisitions, anti-money laundering issues and OFAC compliance, depository institution charter powers and activities, mortgage markets, and corporate governance
  • Broad government experience, including serving as special counsel, managing director of external affairs, director of congressional affairs, legislative counsel, and assistant chief counsel at the U.S. Treasury Department’s Office of Thrift Supervision, as well as counsel to the former House Banking Committee
  • Adjunct professor of banking law at the George Washington University Law School in Washington, D.C.
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Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 404760
Published 2016, 2019
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