§349.20. Capital requirements.
12 C.F.R. § 349.20
An FDIC-supervised insured depository institution offering or entering into retail forex transactions must be well capitalized as defined by 12 CFR part 324, unless specifically exempted by the FDIC in writing.
Notes, amendments, and revision history
Amendments
[83 FR 17741, Apr. 24, 2018]
Authority
Authority: 12 U.S.C.1813(q), 1818, 1819, and 3108; 7 U.S.C. 2(c)(2)(E), 27 et seq.
Source
Source: 76 FR 40789, July 12, 2011, unless otherwise noted.
Amendments
[83 FR 17741, Apr. 24, 2018]