12 CFR 263.56
§ 263.56 Initial licensing proceedings.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 263.56, § 263.56 Initial licensing proceedings, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/45609
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Full text
Proceedings with respect to applications for initial licenses will include, but not be limited to, applications for Board approval under section 3 of the BHC Act and section 10 of HOLA and such proceedings as may be ordered by the Board with respect to applications under section 18(c) of the FDIA. In such initial licensing proceedings, the procedures set forth in subpart A of this part will apply, except that the Board may designate a Board Counsel to represent the Board in a nonadversary capacity for the purpose of developing for the record information relevant to the issues to be determined by the Presiding Officer and the Board. In such proceedings, Board Counsel will be considered to be a decisional employee for purposes of §§ 263.9 and 263.40.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.