Council reevaluation and rescission of determinations.

CFR · 2024-01-01 · US · Title 12

(a) (1) Reevaluate each currently effective determination made under § 1310.10(a); and (2) Rescind any such determination, if the Council determines that the nonbank financial company no longer meets the standard under § 1310.10(a), taking into account the considerations in § 1310.11(a) or § 1310.11(b), as applicable. (b) (c) (1) Be made by the Council and shall not be delegated by the Council; and (2) Require the vote of not fewer than two-thirds of the voting members of the Council then serving, including the affirmative vote of the Chairperson of the Council. (d)

official document · source cfr-2024 · id 12:§ 1310.23