§ 652.27. Reservation of authority for investment activities.
113 words·~1 min read·
/us/cfr/t12/s§ 652.27·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
FCA retains the authority to require you to divest of any investment at any time for failure to comply with applicable regulations, for safety and soundness reasons, or failure to comply with written conditions of approval. The timeframe set by FCA for such required divestiture will consider the expected loss on the transaction (or transactions) and the effect on your financial condition and performance. FCA may also, on a case-by-case basis, determine that a particular non-program investment poses inappropriate risk, notwithstanding that it satisfies investment eligibility criteria or received prior approval from us.
If so, we will notify you as to the proper treatment of the investment. [83 FR 55098, Nov. 2, 2018]