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Code · CFR · Title 12 — Banks and Banking · Part 1320 — Designation of Financial Market Utilities · § 1320.15

§ 1320.15. Notification of final determination regarding systemic importance.

118 words·~1 min read·/us/cfr/t12/s§ 1320.15·

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(a)Notification of final determination after a hearing. Within 60 calendar days of the hearing date, the Council shall provide to the financial market utility written notification of the final determination of the Council under § 1320.13, which shall include findings of fact upon which the determination of the Council is based.
(b)Notification of final determination if no hearing. If the Council does not receive a timely request for a hearing under § 1320.12, the Council shall provide the financial market utility written notification of the final determination of the Council under § 1320.13 not later than 30 calendar days after the expiration of the date by which a financial market utility could have requested a hearing.
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