On March 14, the OCC published a proposed rule to provide regulatory relief to national banks and federal savings associations. Specifically, the proposed rule would, among other things, (i) revise certain licensing rules for business combinations involving Federal mutual savings associations; (ii) remove certain notice and approval requirements for changes in permanent capital involving national banks; (iii) clarify national bank director oath requirements; (iv) revise national banks’ and Federal savings associations’ fiduciary activity requirements; (v) remove certain requirements in the electronic activities rule for Federal savings associations; (vi) update recordkeeping and confirmation requirements for national banks’ and Federal savings associations’ securities transactions; and (vii) remove certain fidelity bond rules for Federal savings associations. Comments on the proposed rule, which is part of the OCC’s regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act, are due by May 13, 2016.