---
kind: "section"
citation: "12 C.F.R. § 349.20"
title: "12"
number: "349.20"
heading: "Capital requirements."
url: "https://uscodex.org/cfr/12/349.20"
---

# §349.20. Capital requirements.


An FDIC-supervised insured depository institution offering or entering into retail forex transactions must be well capitalized as defined by [12 CFR part 324](/cfr/12/part324.md), unless specifically exempted by the FDIC in writing.


## Notes

### 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]