StacksVerified U.S. regulatory reference

12 CFR §192.530

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov
After a savings association converts, it must:
  1. (a)Promptly register its shares under the Securities Exchange Act of 1934 (15 U.S.C. 78a-78jj, as amended). The savings association may not deregister the shares for three years.
  2. (b)Encourage and assist a market maker to establish and to maintain a market for its shares. A market maker for a security is a dealer who:
    1. (1)Regularly publishes bona fide competitive bid and offer quotations for the security in a recognized inter-dealer quotation system;
    2. (2)Furnishes bona fide competitive bid and offer quotations for the security on request; or
    3. (3)May effect transactions for the security in reasonable quantities at quoted prices with other brokers or dealers.
  3. (c)Use its best efforts to list its shares on a national or regional securities exchange or on the National Association of Securities Dealers Automated Quotation system.
  4. (d)File all post-conversion reports that the appropriate Federal banking agency requires.