12 CFR 19.120 - Scope.
The rules in this subpart apply to informal hearings that may be held by the Comptroller to determine whether, pursuant to authority in sections 12 (h) and (i) of the Exchange Act ( 15 U.S.C. 78l (h) and (i)), to exempt in whole or in part an issuer or a class of issuers from the provisions of section 12(g), or from section 13 or 14 of the Exchange Act ( 15 U.S.C. 78l(g), 78m or 78n), or whether to exempt from section 16 of the Exchange Act ( 15 U.S.C. 78p) any officer, director, or beneficial owner of securities of an issuer. The only issuers covered by this subpart are banks whose securities are registered pursuant to section 12(g) of the Exchange Act ( 15 U.S.C. 78l(g)). The Comptroller may deny an application for exemption without a hearing.