12 CFR 16.1 - Authority, purpose, and scope.

Regulations last checked for updates: May 18, 2024

Title 12 - Banks and Banking last revised: May 14, 2024

View all text of Part 16 [§ 16.1 - § 16.33]

§ 16.1 - Authority, purpose, and scope.

(a) Authority. This part is issued under the rulemaking authority of the Comptroller of the Currency (OCC) for national banks in 12 U.S.C. 1 et seq., and 93a, and for Federal savings associations in 12 U.S.C. 1462a,1463,1464,and.

(b) Purpose. This part sets forth rules governing the offer and sale of securities issued by a national bank or Federal savings association.

(c) Scope. This part applies to offers and sales of national bank or Federal savings association securities by issuers, underwriters, and dealers.

[59 FR 54798, Nov. 2, 1994, as amended at 82 FR 8107, Jan. 23, 2017]

authority: 12 U.S.C. 1

source: 59 FR 54798, Nov. 2, 1994, unless otherwise noted.

cite as: 12 CFR 16.1