§ 1237.10. Limited-life regulated entities.
82 words·~1 min read·
/us/cfr/t12/s§ 1237.10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Status. The United States Government shall be considered a person for purposes of section 1367(i)(6)(C)(i) of the Safety and Soundness Act.
(b)Investment authority. The requirements of section 1367(i)(4) shall apply only to the liquidity portfolio of a limited-life regulated entity.
(c)Policies and procedures. The Agency may draft such policies and procedures with respect to limited-life regulated entities as it determines to be necessary and appropriate, including policies and procedures regarding the timing of the creation of limited-life regulated entities.