---
kind: "section"
citation: "12 C.F.R. § 223.43"
title: "12"
number: "223.43"
heading: "What are the standards under which the Board may grant additional exemptions from the requirements of section 23A?"
url: "https://uscodex.org/cfr/12/223.43"
---

# §223.43. What are the standards under which the Board may grant additional exemptions from the requirements of section 23A?

- (a) **The standards.** The Board may, at its discretion, by regulation or order, exempt transactions or relationships from the requirements of [section 23A](/cfr/12/23A.md) and subparts [B](/cfr/12/subpartB.md), [C](/cfr/12/subpartC.md), and D of this part if it finds such exemptions to be in the public interest and consistent with the purposes of [section 23A](/cfr/12/23A.md).
- (b) **Procedure.** A member bank may request an exemption from the requirements of [section 23A](/cfr/12/23A.md) and subparts [B](/cfr/12/subpartB.md), [C](/cfr/12/subpartC.md), and D of this part by submitting a written request to the General Counsel of the Board. Such a request must:
  - (1) Describe in detail the transaction or relationship for which the member bank seeks exemption;
  - (2) Explain why the Board should exempt the transaction or relationship; and
  - (3) Explain how the exemption would be in the public interest and consistent with the purposes of [section 23A](/cfr/12/23A.md).

## Notes

### Authority

Authority: 12 U.S.C. 371c(b)(1)(E), (b)(2)(A), and (f), 371c-1(e), 1828(j), 1468(a), and section 312(b)(2)(A) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5412).

### Source

Source: 67 FR 76604, Dec. 12, 2002, unless otherwise noted.