12 CFR 390.424

§ 390.424 Requests for interpretive advice or waiver.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 390.424, § 390.424 Requests for interpretive advice or waiver, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47299
Permanent ID: ys:prov:47299@1
SHA-256: f4dc8f2cbc364a72bf8eb35925aa07418999cae6f8bf690145c5b008b3083fe7

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Full text

Any requests to the FDIC for interpretive advice or a waiver with respect to any provision of this subpart shall satisfy the following requirements: (a) A copy of the request, including any attachments, shall be filed with the FDIC; (b) The provisions of this subpart to which the request relates, the participants in the proposed transaction, and the reasons for the request, shall be specifically identified or described; and (c) The request shall include a legal opinion as to each legal issue raised and an accounting opinion as to each accounting issue raised.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.