Information to be filed with Federal banking agency prior to repurchase of shares.

CFR · 2024-01-01 · US · Title 12

(a) (1) The proposed repurchase program; (2) The effect of the repurchases on the savings association's regulatory capital; and (3) The purpose of the repurchases and, if applicable, an explanation of the extraordinary circumstances necessitating the repurchases. (b) (c) (1) The repurchase program will not adversely affect the savings association's financial condition; (2) The savings association submits sufficient information to evaluate the proposed repurchases; (3) The savings association demonstrates extraordinary circumstances and a compelling and valid business purpose for the share repurchases; and (4) The repurchase program would not be contrary to other applicable regulations.

official document · source cfr-2024 · id 12:§ 192.515