Affiliate transactions requirements.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (1) The OCC, jointly with the Federal Reserve Board, finds the exemption to be in the public interest and consistent with the purposes of section 23A or section 11 of the HOLA, as applicable; and (2) The FDIC, within 60 days of receiving notice of such joint finding, does not object in writing to the finding based on a determination that the exemption presents an unacceptable risk to the Deposit Insurance Fund. (d) (1) Describe in detail the transaction or relationship for which the national bank or Federal savings association seeks exemption; (2) Explain why the OCC should exempt the transaction or relationship; (3) Explain how the exemption would be in the public interest and consistent with the purposes of section 23A or section 11 of the HOLA, as applicable; and (4) Explain why the exemption does not present an unacceptable risk to the Deposit Insurance Fund.

official document · source cfr-2024 · id 12:§ 31.3