Whenever the FCA determines that an extraordinary situation exists that necessitates a temporary regulatory waiver or modification, the FCA may, in its sole discretion:
Modify or waive the minimum liquidity reserve requirement in § 652.40 of this subpart;
Modify the amount, qualities, and types of eligible investments that you are authorized to hold pursuant to § 652.20 of this subpart; and/or
Take other actions as deemed appropriate.
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