Critical operations.

CFR · 2024-01-01 · US · Title 12

(a) (ii) The process required under paragraph (a)(1)(i) of this section must include a methodology for evaluating the covered company's participation in activities and markets that may be critical to the financial stability of the United States. The methodology must be designed, taking into account the nature, size, complexity, and scope of the covered company's operations, to identify and assess: (A) The markets and activities in which the covered company participates or has operations; (B) The significance of those markets and activities with respect to the financial stability of the United States; and (C) The significance of the covered company as a provider or other participant in those markets and activities. (2) (i) Each waiver request shall be divided into a public section and a confidential section. A covered company shall segregate and separately identify the public section from the confidential section. A covered company shall include in the confidential section of a waiver request its rationale for why a waiver of the requirement would be appropriate, including an explanation of why the process and methodology are not likely to identify any critical operation given its business model, operations, and organizational structure. A covered company shall describe in the public section of a waiver request that it is seeking to waive the requirement. (ii) Any waiver request must be made in writing no later than 18 months before the date by which the covered company is req

official document · source cfr-2024 · id 12:§ 381.3