ARLINGTON, Va. — NCUA plans to issue guidance similar to the one from the Office of the Comptroller of the Currency on the approaching change in Daylight Savings Time that could pose risks to banks that are not prepared.

The Energy Policy Act of 2005 changes the date for DST from the first Sunday in April to the second Sunday in March. The OCC’s guidance said that without preparation, “banks could experience logging errors, monitoring difficulties, degraded system performance, or disruptions of some services. In addition, malfunctioning systems could result in compliance errors (e.g., incorrect ATM disclosures) and securities issues (e.g., malfunctioning security systems).

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