The Office of Thrift Supervision has reduced the number of chartering, bylaw, and corporate governance regulations by more than a third.

Under final rules published in the Dec. 3 Federal Register, the agency will no longer require thrift executives to file an application and pay a fee when they want to make changes to the institution's bylaws or charter. If the changes already have been approved for other institutions, a thrift merely will have to notify the OTS after making the changes.

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