§390.425. Delayed or continuous offering and sale of securities.
12 C.F.R. § 390.425
Any offer or sale of securities under § 390.411 may be made on a continuous or delayed basis in the future, if:
The securities would satisfy all of the eligibility requirements of the Commission's Rule 415, 17 CFR 230.415; and
The association issuing the securities is in compliance with the FDIC's regulatory capital requirements during the time the offering is made.
Notes, amendments, and revision history
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.