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e-CFR data is current as of January 26, 2021

Title 12Chapter VISubchapter BPart 611Subpart P → §611.1219


Title 12: Banks and Banking
PART 611—ORGANIZATION
Subpart P—Termination of System Institution Status


§611.1219   Prohibited acts.

(a) Statements about termination. Neither the institution nor any director, officer, employee, or agent may make any untrue or misleading statement of a material fact, or fail to disclose any material fact, to the FCA or a current or prospective equity holder about the proposed termination and any related transactions.

(b) Representations regarding FCA approval. Neither the institution nor any director, officer, employee, or agent may make an oral or written representation to anyone that our approval of the plan of termination or the termination is, directly or indirectly, either a recommendation on the merits of the proposal or an assurance that the information you give to your equity holders is adequate or accurate.

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