California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 10 - Banks
Article 6 - California State Offices of Foreign (Other Nation) Banks
Subarticle 3 - Agencies and Branch Offices
Part 10 - Deposit of Eligible Assets
Subpart 9 - Withdrawal and Release of Eligible Assets-Specific Approval
Section 10.16202 - Conditions of Specific Approval
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
Any specific approval which the Commissioner grants pursuant to Financial Code Section 1811(d) for a subject institution to withdraw and for the approved depository of such subject institution to release, an eligible asset from a pledge deposit shall, unless otherwise provided in such specific approval, be subject to the following conditions:
(a) That no other eligible asset shall have been withdrawn or released from the pledge deposit during the period beginning on the date of the application called for in Section 10.16201 of this Chapter and ending at the time of the withdrawal and release authorized under the specific approval.
(b) That the specific approval shall expire at the end of the maintenance period during which it is issued.
1.
Repealer of Section
10.16202 and renumbering and
amendment of former Section
10.16203 to Section
10.16202 filed 3-12-82; effective
thirtieth day thereafter (Register 82, No. 11). For prior history, see Register
81, No. 44.
2. Change without regulatory effect amending section
filed 8-19-97 pursuant to section
100, title 1, California Code of
Regulations (Register 97, No. 34).
3. Change without regulatory
effect amending first paragraph and NOTE filed 8-21-2019 pursuant to section
100, title 1, California Code of
Regulations (Register 2019, No. 34).
Note: Authority cited: Section 326, Financial Code. Reference: Section 1811, Financial Code.
