StacksVerified U.S. regulatory reference

12 CFR §381.10

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Before issuing any notice of deficiencies under § 381.8(b), determining to impose requirements or restrictions under § 381.9(a), or issuing a divestiture order pursuant to § 381.9(c) with respect to a covered company that is likely to have a significant impact on a functionally regulated subsidiary or a depository institution subsidiary of the covered company, the Board—
  1. (a)Shall consult with each Council member that primarily supervises any such subsidiary; and
  2. (b)May consult with any other Federal, state, or foreign supervisor as the Board considers appropriate.