# 12 C.F.R. § 390.415 (2026): Effective date

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_415

## Section

- **Citation:** 12 C.F.R. § 390.415 (2026)
- **Heading:** Effective date
- **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 390: REGULATIONS TRANSFERRED FROM THE OFFICE OF THRIFT SUPERVISION / Subpart W: Securities Offerings / § 390.415: § 390.415   Effective date.

## Text

(a) Except as provided for in paragraph (d) of this section, an offering circular filed by a State savings association shall be deemed to be automatically declared effective by the FDIC on the twentieth day after filing or on such earlier date as the FDIC may determine for good cause shown.
(b) If any amendment is filed prior to the effective date, the offering circular shall be deemed to have been filed when such amendment was filed.
(c) The period until automatic effectiveness under this subpart shall be stated at the bottom of the facing page of the Form OC or any amendment.
(d) The effectiveness will be delayed if a duly authorized amendment, telegram confirmed in writing, or letter states that the effective date is delayed until a further amendment is filed specifically stating that the offering circular will become effective in accordance with this subpart.
(e) An amendment filed after the effective date of the offering circular shall become effective on such date as the FDIC may determine.
(f) If it appears to the FDIC at any time that the offering circular includes any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading, then the FDIC may pursue any remedy it is authorized to pursue under section 8 of the Federal Deposit Insurance Act, as amended (12 U.S.C. 1818), including, but not limited to, institution of cease-and-desist proceedings.

## Nearby sections

- [12 C.F.R. § 390.410 (2026) § 390.410   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_410.md)
- [12 C.F.R. § 390.411 (2026) § 390.411   Offering circular requirement.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_411.md)
- [12 C.F.R. § 390.412 (2026) § 390.412   Exemptions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_412.md)
- [12 C.F.R. § 390.413 (2026) § 390.413   Non-public offering.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_413.md)
- [12 C.F.R. § 390.414 (2026) § 390.414   Filing and signature requirements.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_414.md)
- [12 C.F.R. § 390.415 (2026) § 390.415   Effective date.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_415.md)
- [12 C.F.R. § 390.416 (2026) § 390.416   Form, content, and accounting.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_416.md)
- [12 C.F.R. § 390.417 (2026) § 390.417   Use of the offering circular.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_417.md)
- [12 C.F.R. § 390.418 (2026) § 390.418   Escrow requirement.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_418.md)
- [12 C.F.R. § 390.419 (2026) § 390.419   Unsafe or unsound practices.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_419.md)
- [12 C.F.R. § 390.420 (2026) § 390.420   Withdrawal or abandonment.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_420.md)
- [12 C.F.R. § 390.421 (2026) § 390.421   Securities sale report.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_421.md)
- [12 C.F.R. § 390.422 (2026) § 390.422   Public disclosure and confidential treatment.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_422.md)
- [12 C.F.R. § 390.423 (2026) § 390.423   Waiver.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_423.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_415. Check the current official text before relying on it. Not legal advice.