(a) Annual report to shareholders. In its annual report to shareholders, as set forth in Sec. 620.5(a)(12) of this chapter, a System institution must provide information on its UBE investment and business activity.
(b) Periodic reports as directed. As directed by FCA, a System institution must submit periodic reports to FCA on any equity investment in a UBE or UBE status as provided under Sec. 621.12 of this chapter, and in accordance with Secs. 621.13 and 621.14 of this chapter.
(c) Dissolution of a UBE. A System institution must submit a timely report to FCA on the dissolution of a UBE that it controls.