StacksVerified U.S. regulatory reference

12 CFR §390.425

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Any offer or sale of securities under § 390.411 may be made on a continuous or delayed basis in the future, if:
  1. (a)The securities would satisfy all of the eligibility requirements of the Commission's Rule 415, 17 CFR 230.415; and
  2. (b)The association issuing the securities is in compliance with the FDIC's regulatory capital requirements during the time the offering is made.