# 12 C.F.R. § 381.9 (2026): Failure to cure deficiencies on resubmission of a resolution plan > Federal · Regulations · In force URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P381_S381_9 ## Section - **Citation:** 12 C.F.R. § 381.9 (2026) - **Heading:** Failure to cure deficiencies on resubmission of a resolution plan - **Jurisdiction:** Federal - **Kind:** Regulations - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Title 12 CFR: Banks and Banking / Chapter III: FEDERAL DEPOSIT INSURANCE CORPORATION / Part 381: RESOLUTION PLANS / § 381.9: § 381.9 Failure to cure deficiencies on resubmission of a resolution plan. ## Text (a) In general. The Board and Corporation may jointly determine that a covered company or any subsidiary of a covered company shall be subject to more stringent capital, leverage, or liquidity requirements, or restrictions on the growth, activities, or operations of the covered company or the subsidiary if: (1) The covered company fails to submit a revised resolution plan under § 381.8(c) within the required time period; or (2) The Board and the Corporation jointly determine that a revised resolution plan submitted under § 381.8(c) does not adequately remedy the deficiencies jointly identified by the Board and the Corporation under § 381.8(b). (b) Duration of requirements or restrictions. Any requirements or restrictions imposed on a covered company or a subsidiary thereof pursuant to paragraph (a) of this section shall cease to apply to the covered company or subsidiary, respectively, on the date that the Board and the Corporation jointly determine the covered company has submitted a revised resolution plan that adequately remedies the deficiencies jointly identified by the Board and the Corporation under § 381.8(b). (c) Divestiture. The Board and Corporation, in consultation with the Council, may jointly, by order, direct the covered company to divest such assets or operations as are jointly identified by the Board and Corporation if: (1) The Board and Corporation have jointly determined that the covered company or a subsidiary thereof shall be subject to requirements or restrictions pursuant to paragraph (a) of this section; and (2) The covered company has failed, within the 2-year period beginning on the date on which the determination to impose such requirements or restrictions under paragraph (a) of this section was made, to submit a revised resolution plan that adequately remedies the deficiencies jointly identified by the Board and the Corporation under § 381.8(b); and s pursuant to paragraph (a) of this section; and (2) The covered company has failed, within the 2-year period beginning on the date on which the determination to impose such requirements or restrictions under paragraph (a) of this section was made, to submit a revised resolution plan that adequately remedies the deficiencies jointly identified by the Board and the Corporation under § 381.8(b); and (3) The Board and Corporation jointly determine that the divestiture of such assets or operations is necessary to facilitate an orderly resolution of the covered company under the Bankruptcy Code in the event the company was to fail. ## Nearby sections - [12 C.F.R. § 381.1 (2026) § 381.1 Authority and scope.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P381_S381_1.md) - [12 C.F.R. § 381.2 (2026) § 381.2 Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P381_S381_2.md) - [12 C.F.R. § 381.3 (2026) § 381.3 Critical operations.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P381_S381_3.md) - [12 C.F.R. § 381.4 (2026) § 381.4 Resolution plan required.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P381_S381_4.md) - [12 C.F.R. § 381.5 (2026) § 381.5 Informational content of a full resolution plan.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P381_S381_5.md) - [12 C.F.R. § 381.6 (2026) § 381.6 Informational content of a targeted resolution plan.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P381_S381_6.md) - [12 C.F.R. § 381.7 (2026) § 381.7 Informational content of a reduced resolution plan.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P381_S381_7.md) - [12 C.F.R. § 381.8 (2026) § 381.8 Review of resolution plans; resubmission of deficient resolution plans.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P381_S381_8.md) - [12 C.F.R. § 381.9 (2026) § 381.9 Failure to cure deficiencies on resubmission of a resolution plan.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P381_S381_9.md) - [12 C.F.R. § 381.10 (2026) § 381.10 Consultation.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P381_S381_10.md) - [12 C.F.R. § 381.11 (2026) § 381.11 No limiting effect or private right of action; confidentiality of resolution plans.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P381_S381_11.md) - [12 C.F.R. § 381.12 (2026) § 381.12 Enforcement.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P381_S381_12.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P381_S381_9. 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