§ 1211.5. Regulatory Interpretations.
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/us/cfr/t12/s§ 1211.5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Authority. The General Counsel may, in his or her discretion, issue a Regulatory Interpretation to a regulated entity or the Office of Finance, providing guidance with respect to the application of any applicable statute, rule, regulation, or order to a proposed transaction or activity. The Director reserves the right to modify, rescind, or supersede a Regulatory Interpretation, with such action being effective only on a prospective basis.
(b)Requests. A regulated entity or the Office of Finance may request a Regulatory Interpretation in accordance with § 1211.6.