§192.290. Remedial measures for prohibited solicitations.

12 C.F.R. § 192.290

(a)

In general. If a solicitation violates § 192.285, the appropriate Federal banking agency may require remedial measures, including:

(1)

Correction of the violation by a retraction and a new solicitation;

(2)

Rescheduling the members' meeting; or

(3)

Any other actions necessary to ensure a fair vote.

(b)

Other action. The appropriate Federal banking agency also may bring an enforcement action against the violator.

Notes, amendments, and revision history

Authority: 12 U.S.C. 1462a, 1463, 1464, 1467a, 2901 et seq., 5412(b)(2)(B); 15 U.S.C. 78c, 78 l , 78m, 78n, 78w.

Source: 85 FR 42643, July 14, 2020, unless otherwise noted.