§ 16.1. Authority, purpose, and scope.

101 words·~1 min read·/us/cfr/t12/s§ 16.1·

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(a)Authority. This part is issued under the rulemaking authority of the Comptroller of the Currency

(OCC)for national banks in 12 U.S.C. 1 et seq., and 93a, and for Federal savings associations in 12 U.S.C. 1462a, 1463, 1464, and 5412(b)(2)(B).

(b)Purpose. This part sets forth rules governing the offer and sale of securities issued by a national bank or Federal savings association.

(c)Scope. This part applies to offers and sales of national bank or Federal savings association securities by issuers, underwriters, and dealers. [59 FR 54798, Nov. 2, 1994, as amended at 82 FR 8107, Jan. 23, 2017]

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U.S. Code

Office of the Comptroller of the Currency
§ 1
Administrative provisions
§ 1462a

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§ 16.1

Authority, purpose, and scope.

U.S.C.§ 1

U.S.C.§ 1462a

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