§48.10. Required reporting to customers. — Inbound Citations

(d) Sections 48.3 and 48.5 to 48.16 do not apply to retail foreign exchange transactions between a foreign branch of a national bank and a non-U.S. customer. With respect to those transactions, the foreign branch remains subject to any disclosure, recordkeeping, capital, margin, reporting, business conduct, documentation, and other requirements of foreign law applicable to the branch.

(f) A national bank must retain a copy of each monthly statement and confirmation required by § 48.10.