---
kind: "section"
citation: "12 C.F.R. § 16.1"
title: "12"
number: "16.1"
heading: "Authority, purpose, and scope."
url: "https://uscodex.org/cfr/12/16.1"
---

# §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](/usc/12/1.md) et seq., and 93a, and for Federal savings associations in 12 U.S.C. [1462a](/usc/12/1462a.md), [1463](/usc/12/1463.md), [1464](/usc/12/1464.md), and [5412(b)(2)(B)](/usc/12/5412.md?p=b-2-B).
- (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.

## Notes

### Amendments

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

### Authority

Authority: 12 U.S.C. 1 et seq., 93a, 1462a, 1463, 1464, and 5412(b)(2)(B).

### Source

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

### Amendments

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