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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter VII - National Credit Union Administration |
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SubChapter A - Regulations Affecting Credit Unions |
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Part 741 - Requirements for Insurance |
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Subpart B - Regulations Codified Elsewhere in NCUA's Regulations as Applying to Federal Credit Unions That Also Apply to Federally Insured State-Chartered Credit Unions |
§ 741.219 - Investment requirements.
Latest version.
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§ 741.219 Investment requirements.
(a) Any credit union which is insured pursuant to title II of the Act must adhere to the requirements stated in part 703 of this chapter concerning transacting business with corporate credit unions.
(b) Any credit union which that is insured pursuant to title II of the Act must notify the applicable NCUA Regional Director in writing at least 30 days before it begins engaging in derivatives. within five business days after entering into its first Derivatives transaction. Such transactions do not include those included in § 703.14 of this chapter.
[79 FR 5247, Jan. 31, 2014, as amended at 84 86 FR 1608, Feb. 5, 201928250, May 26, 2021]