The COVID Project
The record
- Jurisdiction
- every State (headquarters, branches, hotels), ALL
- Level
- Organizer
- Issued
- 2020-05-27 May 27, 2020
- In force
- May 27, 2020 (the notice's date)
- Quarters
- 2020 Q2
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Functions reached
- Collection
- Financial Services SEC-13
Operative words
'The OCC recognizes the recent coronavirus disease 2019 (COVID-19) emergency. Health and safety advisories declared in response to the COVID-19 emergency' made in-person meetings infeasible (Ex. SEC-13-GM-026); 'health, transportation, and other logistical issues raised by the spread of coronavirus disease 2019 (COVID-19)' (Ex. SEC-13-GM-029)
The organizer's notice
ABA Banking Journal, 'OCC Rule Clarifies Virtual Meeting Options for National Banks, Federal Thrifts' (May 27, 2020)
Notes
2020: OCC interim final rule, Director, Shareholder, and Member Meetings, 85 Fed. Reg. 31943 (May 28, 2020), effective on publication, to 'permit telephonic and electronic' participation and 'enable national banks and Federal savings associations to conduct necessary meetings remotely during the COVID-19 emergency as well as during any other future emergency when in-person meetings may not be feasible' (Exs. SEC-13-GM-026, -027); OCC Bulletin 2020-51 (May 12, 2020) (Ex. AGY-FED-FINANCIAL-019); SEC staff guidance of Mar. 13, 2020, updated Apr. 7, 2020, on changing 'the Date, Time, or Location of a Shareholder Meeting' and holding 'virtual' or 'hybrid' meetings 'in light of health, transportation, and other logistical issues raised by the spread of coronavirus disease 2019 (COVID-19)' (Ex. SEC-13-GM-029); State emergency orders suspending in-person meeting requirements (e.g., New York EO 202.8, Mar. 20, 2020, Ex. SEC-13-046). 2021: The OCC rule 'permanently amends OCC rules about telephonic or electronic participation' (Ex. SEC-13-GM-027); the SEC guidance remained in effect through 2021 (updated Jan. 19, 2022). Usual dates: Annual, chiefly April-June. Scale: 4,951 FDIC-insured institutions at June 30, 2021. Venue orders 2020: NY-005, CA-002, IL-005, TX-008, FL-010, DC-006, PA-005, MI-011, MA-032. Venue orders 2021: DC-016, IL-079, CA-017, MET-NYC-017, MET-SFO-011.