12 C.F.R. § 390.424
Requests for interpretive advice or waiver.
Cite as 12 C.F.R. § 390.424 (2026)
Any requests to the FDIC for interpretive advice or a waiver with respect to any provision of this subpart shall satisfy the following requirements: (a) A copy of the request, including any attachments, shall be filed with the FDIC; (b) The provisions of this subpart to which the request relates, the participants in the proposed transaction, and the reasons for the request, shall be specifically identified or described; and (c) The request shall include a legal opinion as to each legal issue raised and an accounting opinion as to each accounting issue raised.