12 CFR 243.10
§ 243.10 Consultation.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 243.10, § 243.10 Consultation, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/45222
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Full text
Before issuing any notice of deficiencies under § 243.8(b), determining to impose requirements or restrictions under § 243.9(a), or issuing a divestiture order pursuant to § 243.9(c) with respect to a covered company that is likely to have a significant impact on a functionally regulated subsidiary or a depository institution subsidiary of the covered company, the Board—
(a) Shall consult with each Council member that primarily supervises any such subsidiary; and
(b) May consult with any other Federal, state, or foreign supervisor as the Board considers appropriate.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.