12 C.F.R. § 192.530

Other post-conversion requirements.

Last amended: 2020Year: 2026Length: 153 wordsOfficial source

Cite as 12 C.F.R. § 192.530 (2026)

After a savings association converts, it must: (a) Promptly register its shares under the Securities Exchange Act of 1934 (15 U.S.C. 78a-78jj, as amended). The savings association may not deregister the shares for three years. (b) Encourage and assist a market maker to establish and to maintain a market for its shares. A market maker for a security is a dealer who: (1) Regularly publishes bona fide competitive bid and offer quotations for the security in a recognized inter-dealer quotation system; (2) Furnishes bona fide competitive bid and offer quotations for the security on request; or (3) May effect transactions for the security in reasonable quantities at quoted prices with other brokers or dealers. (c) Use its best efforts to list its shares on a national or regional securities exchange or on the National Association of Securities Dealers Automated Quotation system. (d) File all post-conversion reports that the appropriate Federal banking agency requires.
Cross-references to the US Code
15:78a-78jj
12 C.F.R. § 192.530: Other post-conversion requirements. | Justis AI