Purpose.

CFR · 2024-01-01 · US · Title 12

This part sets forth the procedures FHFA follows under its Suspended Counterparty Program, the purpose of which is to protect the safety and soundness of the regulated entities. The procedures require the regulated entities to submit reports when they become aware that a person with whom (a) Appeal of a final suspension order to the Director; (b) Request for reconsideration of a final suspension order after twelve (12) months have elapsed; and (c) Request for an exception to a final suspension order in effect in order to engage in a particular covered transaction with the suspended person.

official document · source cfr-2024 · id 12:§ 1227.1