WSR 98-15-148

PREPROPOSAL STATEMENT OF INQUIRY

DEPARTMENT OF

FINANCIAL INSTITUTIONS

[Filed July 22, 1998, 10:21 a.m.]



Subject of Possible Rule Making: Amendments to chapter 50-36 WAC, Administration of trust companies--Investments, etc.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 43.320.010, 43.320.040, 30.04.030.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Chapter 50-36 WAC is based on Reg. 9, which addresses collective investment funds and which was amended by the OCC (national bank regulator) in 1997. The amendments to chapter 50-36 WAC are necessary for consistency.

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: The OCC and the FDIC (insures bank deposits).

Process for Developing New Rule: Consultation with interested parties.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting G. R. Zachary, Assistant Director, (360) 902-8747, fax (360) 753-6070; or Nanette Villanueva, Program Manager, (360) 902-8729 or (206) 368-4627, fax (360) 753-6070 or (206) 368-4483.

July 21, 1998

John L. Bley

Director

Legislature Code Reviser

Register

Washington State Code Reviser's Office