Regulation I – Disclosure Requirements for Depository Institutions Lacking FDIC Insurance Policy – 6 Pages – 1100 Words

The policy document outlines disclosure requirements for a non-FDIC insured depository institution, emphasizing the need for clear communication to customers about the status of their deposits and the associated risks. It mandates explicit statements in initial disclosures, account statements, and digital and physical platforms, informing customers of the lack of federal deposit insurance and any alternative protections offered. Additionally, the policy specifies the content, format, timing, and frequency of these disclosures, along with staff training and compliance monitoring to ensure customers are fully informed about the implications of their financial decisions in relation to the institution’s non-insured status.