§192.530. Other post-conversion requirements.
12 C.F.R. § 192.530
After a savings association converts, it must:
Promptly register its shares under the Securities Exchange Act of 1934 (15 U.S.C. 78a-78jj, as amended). The savings association may not deregister the shares for three years.
Encourage and assist a market maker to establish and to maintain a market for its shares. A market maker for a security is a dealer who:
Regularly publishes bona fide competitive bid and offer quotations for the security in a recognized inter-dealer quotation system;
Furnishes bona fide competitive bid and offer quotations for the security on request; or
May effect transactions for the security in reasonable quantities at quoted prices with other brokers or dealers.
Use its best efforts to list its shares on a national or regional securities exchange or on the National Association of Securities Dealers Automated Quotation system.
File all post-conversion reports that the appropriate Federal banking agency requires.
Notes, amendments, and revision history
Authority
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
Source: 85 FR 42643, July 14, 2020, unless otherwise noted.