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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 III - Federal Deposit Insurance Corporation |
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SubChapter B - Regulations and Statements of General Policy |
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Part 349 - Derivatives |
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Subpart B - Retail Foreign Exchange Transactions |
§ 349.20 - Capital requirements.
Latest version.
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§ 349.20 Capital requirements.
An FDIC-supervised insured depository institution offering or entering into retail forex transactions must be well capitalized as defined by 12 CFR part 325 or 12 CFR part 324, as applicable, unless specifically exempted by the FDIC in writing.
[78 83 FR 5559517741, SeptApr. 10, 2013. Redesignated at 80 FR 74912, Nov. 30, 201524, 2018]