Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter II - Federal Reserve System |
SubChapter A - Board of Governors of the Federal Reserve System |
Part 252 - Enhanced Prudential Standards (Regulation YY) |
Subpart P - XXX |
§ 252.167 - Disclosure requirements for resolution Covered IHCs.
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§ 252.167 Disclosure requirements for resolution Covered IHCs.
(a) A resolution Covered IHC that has any outstanding eligible external debt securities must publicly disclose a description of the financial consequences to unsecured debtholders of the resolution Covered IHC entering into a resolution proceeding in which the resolution Covered IHC is the only entity in the United States that would be subject to the resolution proceeding.
(b) A resolution Covered IHC must provide the disclosure required by paragraph (a) of this section:
(1) In the offering documents for all of its eligible external debt securities; and
(2) Either:
(i) On the resolution Covered IHC's Web site; or
(ii) In more than one public financial report or other public regulatory reports, provided that the resolution Covered IHC publicly provides a summary table specifically indicating the location(s) of this disclosure.