12 CFR 16.1 - Authority, purpose, and scope.

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§ 16.1 Authority, purpose, and scope.

(a) Authority. This part is issued under the general authority of the national banking laws, 12 U.S.C. 1 et seq., and the OCC's general rulemaking authority in 12 U.S.C. 93a.

(b) Purpose. This part sets forth rules governing the offer and sale of securities issued by a bank.

(c) Scope. This part applies to offers and sales of bank securities by issuers, underwriters, and dealers.