Directives to take prompt regulatory action.

CFR · 2024-01-01 · US · Title 12

(a) (2) (b) (1) A statement of the bank's capital measures and capital levels; (2) A description of the restrictions, prohibitions, or affirmative actions that the Board proposes to impose or require; (3) The proposed date when such restrictions or prohibitions would be effective or the proposed date for completion of such affirmative actions; and (4) The date by which the bank or company subject to the directive may file with the Board a written response to the notice. (c) (2) (i) An explanation why the action proposed by the Board is not an appropriate exercise of discretion under section 38; (ii) Any recommended modification of the proposed directive; and (iii) Any other relevant information, mitigating circumstances, documentation, or other evidence in support of the position of the bank or company regarding the proposed directive. (d) (1) Issue the directive as proposed or in modified form; (2) Determine not to issue the directive and so notify the bank or company; or (3) Seek additional information or clarification of the response from the bank or company, or any other relevant source. (e) (f)

official document · source cfr-2024 · id 12:§ 263.202