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Subject: Date: Regulation AA Oct 14, 2008 Proposal: Regulation AA Unfair or Deceptive Acts or Practices Document ID: R-1314 Document Version: 1 Release Date: 05/02/2008 Name: Laurence A Fields Affiliation:
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Regulation AA stands for Regulation on Allied Activities and it deals with the extension of credit by banks to insiders.
Banks are required to file Regulation AA forms by the specified deadline.
To fill out Regulation AA forms, banks must report information on credit extensions to insiders and ensure compliance with the regulation.
The purpose of Regulation AA is to prevent banks from providing preferential credit treatment to their own insiders.
Banks must report details of any credit extensions to insiders, including the terms of the extension and the relationship between the insider and the bank.
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