---
kind: "section"
citation: "12 C.F.R. § 1211.5"
title: "12"
number: "1211.5"
heading: "Regulatory Interpretations."
url: "https://uscodex.org/cfr/12/1211.5"
---

# §1211.5. Regulatory Interpretations.

- (a) **Authority.** The General Counsel may, in his or her discretion, issue a Regulatory Interpretation to a regulated entity or the Office of Finance, providing guidance with respect to the application of any applicable statute, rule, regulation, or order to a proposed transaction or activity. The Director reserves the right to modify, rescind, or supersede a Regulatory Interpretation, with such action being effective only on a prospective basis.
- (b) **Requests.** A regulated entity or the Office of Finance may request a Regulatory Interpretation in accordance with [§ 1211.6](/cfr/12/1211.6.md).

## Notes

### Authority

Authority: 12 U.S.C. 4511(b), 4513(a), 4526.

### Source

Source: 79 FR 64665, Oct. 31, 2014, unless otherwise noted.