§ 652.45. Temporary regulatory waivers or modifications for extraordinary situations.
70 words·~1 min read·
/us/cfr/t12/s§ 652.45·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever the FCA determines that an extraordinary situation exists that necessitates a temporary regulatory waiver or modification, the FCA may, in its sole discretion:
(a)Modify or waive the minimum liquidity reserve requirement in § 652.40 of this subpart;
(b)Modify the amount, qualities, and types of eligible investments that you are authorized to hold pursuant to § 652.20 of this subpart; and/or
(c)Take other actions as deemed appropriate.