§ 390.424 - Requests for interpretive advice or waiver.

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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 copy of the request, including any attachments, shall be filed with the FDIC;

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

The request shall include a legal opinion as to each legal issue raised and an accounting opinion as to each accounting issue raised.