WASHINGTON - A new legal opinion from the Office of the Comptroller of the Currency should make it easier for banks to get distribution for proprietary mutual funds with deferred sales charges.

Under a "no-objection" letter the OCC issued March 13, National banks may lend to their fund distributors to finance funds' back-end loads, or sales charges.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.