Code of Federal Regulations · Section
§ 223.55 — What Are The Standards Under Which The Board May Grant Exemptions From The Requirements Of Section 23b?
12 C.F.R. § 223.55
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The Board may prescribe regulations to exempt transactions or relationships from the requirements of section 23B and subpart F of this part if it finds such exemptions to be in the public interest and consistent with the purposes of section 23B.
Authorizing Statute
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Banking affiliates12 U.S.C. § 371c
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Powers and duties transferred12 U.S.C. § 5412