{"data":{"id":"us/12-cfr-390.425","jurisdiction":"us","citation":"12 CFR 390.425","heading":"Delayed or continuous offering and sale of securities.","body":"Any offer or sale of securities under § 390.411 may be made on a continuous or delayed basis in the future, if:\n(a) The securities would satisfy all of the eligibility requirements of the Commission's Rule 415, 17 CFR 230.415; and\n(b) The association issuing the securities is in compliance with the FDIC's regulatory capital requirements during the time the offering is made.","path":["Title 12—Banks and Banking","CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION","SUBCHAPTER B—REGULATIONS AND STATEMENTS OF GENERAL POLICY","PART 390—REGULATIONS TRANSFERRED FROM THE OFFICE OF THRIFT SUPERVISION","Subpart W—Securities Offerings"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"c8a197354713a62615cad095a10265f3eb3d783f7b6e09f5636aa9034a86ac4a","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-390.424","next":"us/12-cfr-390.426"},"notice":"GroundRules: Original legal text. Not legal advice."}