---
kind: "section"
citation: "24 C.F.R. § 330.55"
title: "24"
number: "330.55"
heading: "Basis for removal from participation."
url: "https://uscodex.org/cfr/24/330.55"
---

# §330.55. Basis for removal from participation.


A participant may be removed from the Multiclass Securities program if the Association, in its discretion, determines that any of the following exists or has occurred:

- (a) The participant, at any time, fails to meet any condition for eligibility;
- (b) The participant fails to comply with any provision of the Multiclass Guide or this part;
- (c) The participant is unable or fails to truthfully, correctly or fully submit such certifications as are required; and
- (d) Such further reasons as the Association determines necessary to protect the safety and soundness of the Multiclass Securities program, as set out in the Multiclass Guide.

## Notes

### Authority

Authority: 12 U.S.C. 1721(g) and 1723a(a); and 42 U.S.C. 3535(d).

### Source

Source: 60 FR 42018, Aug. 14, 1995, unless otherwise noted.