CFR /  Title 12  /  Part 563g  /  Sec. 563g.16 Delayed or continuous offering and sale of securities.

Any offer or sale of securities under Sec. 563g.2 of this part may be made on a continuous or delayed basis in the future, if:

(a) The securities would satisfy all of the eligibility requirements of the Commission's Rule 415, 17 CFR 230.415; and

(b) The association issuing the securities is in compliance with the Office's regulatory capital requirements during the time the offering is made.