§ 243.10 Consultation.
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Title 12 CFR: Banks and Banking › Chapter II: FEDERAL RESERVE SYSTEM › Part 243: RESOLUTION PLANS (REGULATION QQ) › § 243.10: § 243.10 Consultation.
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Before issuing any notice of deficiencies under § 243.8(b), determining to impose requirements or restrictions under § 243.9(a), or issuing a divestiture order pursuant to § 243.9(c) with respect to a covered company that is likely to have a significant impact on a functionally regulated subsidiary or a depository institution subsidiary of the covered company, the Board—
(a) Shall consult with each Council member that primarily supervises any such subsidiary; and
(b) May consult with any other Federal, state, or foreign supervisor as the Board considers appropriate.
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