Regulations last checked for updates: May 20, 2024

Title 12 - Banks and Banking last revised: May 16, 2024
§ 652.27 - Reservation of authority for investment activities.

FCA retains the authority to require you to divest of any investment at any time for failure to comply with applicable regulations, for safety and soundness reasons, or failure to comply with written conditions of approval. The timeframe set by FCA for such required divestiture will consider the expected loss on the transaction (or transactions) and the effect on your financial condition and performance. FCA may also, on a case-by-case basis, determine that a particular non-program investment poses inappropriate risk, notwithstanding that it satisfies investment eligibility criteria or received prior approval from us. If so, we will notify you as to the proper treatment of the investment.

[83 FR 55098, Nov. 2, 2018]
authority: Secs. 4.12, 5.9, 5.17, 8.11, 8.31, 8.32, 8.33, 8.34, 8.35, 8.36, 8.37, 8.41 of the Farm Credit Act (12 U.S.C. 2183,2243,2252,2279aa,2279bb,2279bb-1,2279bb-2,2279bb-3,2279bb-4,2279bb-5,2279bb-6,2279cc; sec. 514 of Pub. L. 102-552, 106 Stat. 4102; sec. 118 of Pub. L. 104-105, 110 Stat. 168; sec. 939A of Pub. L. 111-203, 124 Stat. 1326, 1887 (15 U.S.C. 78o-7 note) (July 21, 2010)
source: 70 FR 40644, July 14, 2005, unless otherwise noted.
cite as: 12 CFR 652.27