Advisory opinions under Regulation K.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) Submitted in writing to the Board; (2) Contain a clear description of the proposed parameters of the activity, or the service or product, at issue; and (3) Contain a concise explanation of the grounds on which the submitter contends the activity is or should be considered by the Board to be permissible under this part. (c) (1) Direct the submitter to provide such additional information as the Board may deem necessary to complete the record for a full consideration of the issue presented; and (2) Provide an advisory opinion within 45 days after the record on the request has been determined to be complete.

official document · source cfr-2024 · id 12:§ 211.11