---
kind: "section"
citation: "12 C.F.R. § 349.26"
title: "12"
number: "349.26"
heading: "Supervision."
url: "https://uscodex.org/cfr/12/349.26"
---

# §349.26. Supervision.

- (a) **Supervision by the FDIC-supervised insured depository institution.** An FDIC-supervised insured depository institution engaging in retail forex transactions shall diligently supervise the handling by its officers, employees, and agents (or persons occupying a similar status or performing a similar function) of all retail forex accounts carried, operated, or advised by at the FDIC-supervised insured depository institution and all activities of its officers, employees, and agents (or persons occupying a similar status or performing a similar function) relating to its retail forex business.
- (b) **Supervision by officers, employees, or agents.** An officer, employee, or agent of an FDIC-supervised insured depository institution must diligently supervise his or her subordinates' handling of all retail forex accounts at the FDIC-supervised insured depository institution and all the subordinates' activities relating to the FDIC-supervised insured depository institution's retail forex business.

## Notes

### Amendments

[76 FR 40789, July 12, 2011. Redesignated at 80 FR 74912, Nov. 30, 2015]

### Authority

Authority: 12 U.S.C.1813(q), 1818, 1819, and 3108; 7 U.S.C. 2(c)(2)(E), 27 et seq.

### Source

Source: 76 FR 40789, July 12, 2011, unless otherwise noted.

### Amendments

[76 FR 40789, July 12, 2011. Redesignated at 80 FR 74912, Nov. 30, 2015]