---
kind: "section"
citation: "12 C.F.R. § 192.530"
title: "12"
number: "192.530"
heading: "Other post-conversion requirements."
url: "https://uscodex.org/cfr/12/192.530"
---

# §192.530. Other post-conversion requirements.


After a savings association converts, it must:

- (a) Promptly register its shares under the Securities Exchange Act of 1934 ([15 U.S.C. 78a-78jj](/usc/15/78a-78jj.md), as amended). The savings association may not deregister the shares for three years.
- (b) **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:
  - (1) Regularly publishes bona fide competitive bid and offer quotations for the security in a recognized inter-dealer quotation system;
  - (2) Furnishes bona fide competitive bid and offer quotations for the security on request; or
  - (3) May effect transactions for the security in reasonable quantities at quoted prices with other brokers or dealers.
- (c) 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.
- (d) **File all post-conversion reports that the appropriate Federal banking agency requires.**

## Notes

### 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.