Other post-conversion requirements.

CFR · 2024-01-01 · US · Title 12

After a savings association converts, it must: (a) Promptly register its shares under the Securities Exchange Act of 1934 (15 U.S.C. 78a-78jj, as amended). The savings association may not deregister the shares for three years. (b) Encourage and assist a market maker to establish and to maintain a market for its shares. A market maker for a security is a dealer who: (1) Regularly publishes bona fide competitive bid and offer quotations for the security in a recognized inter-dealer quotation system; (2) Furnishes bona fide competitive bid and offer quotations for the security on request; or (3) May effect transactions for the security in reasonable quantities at quoted prices with other brokers or dealers. (c) Use its best efforts to list its shares on a national or regional securities exchange or on the National Association of Securities Dealers Automated Quotation system. (d) File all post-conversion reports that the appropriate Federal banking agency requires.

official document · source cfr-2024 · id 12:§ 192.530