---
kind: "section"
citation: "12 C.F.R. § 390.424"
title: "12"
number: "390.424"
heading: "Requests for interpretive advice or waiver."
url: "https://uscodex.org/cfr/12/390.424"
---

# §390.424. Requests for interpretive advice or waiver.


Any requests to the FDIC for interpretive advice or a waiver with respect to any provision of this subpart shall satisfy the following requirements:

- (a) A copy of the request, including any attachments, shall be filed with the FDIC;
- (b) The provisions of this subpart to which the request relates, the participants in the proposed transaction, and the reasons for the request, shall be specifically identified or described; and
- (c) The request shall include a legal opinion as to each legal issue raised and an accounting opinion as to each accounting issue raised.

## Notes

### Authority

Authority: 12 U.S.C. 1819. Subpart Q also issued under 12 U.S.C. 1462; 1462a; 1463; 1464. Subpart W also issued under 12 U.S.C. 1462a; 1463; 1464; 15 U.S.C. 78c; 78l; 78m; 78n; 78p; 78w.

### Source

Source: 76 FR 47655, Aug. 5, 2011, unless otherwise noted.