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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 12 - Banks and Banking |
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Chapter XIII - Financial Stability Oversight Council |
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Part 1320 - Designation of Financial Market Utilities |
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Subpart B - Consultations, Determinations and Hearings |
§ 1320.15 - Notification of final determination regarding systemic importance.
Latest version.
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§ 1320.15 Notification of final determination regarding systemic importance.
(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.