12 CFR § 16.1 - Authority, purpose, and scope.
---
identifier: "/us/cfr/t12/s16.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 16.1 - Authority, purpose, and scope."
title_number: 12
title_name: "Banks and Banking"
section_number: "16.1"
section_name: "Authority, purpose, and scope."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "16"
part_name: "SECURITIES OFFERING DISCLOSURE RULES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1 93a, 1462a, 1463, 1464, and 5412(b)(2)(B)."
regulatory_source: "59 FR 54798, Nov. 2, 1994, unless otherwise noted."
cfr_part: "16"
---
# 16.1 Authority, purpose, and scope.
(a) *Authority.* This part is issued under the rulemaking authority of the Comptroller of the Currency (OCC) for national banks in 12 U.S.C. 1 *et seq.,* and 93a, and for Federal savings associations in 12 U.S.C. 1462a, 1463, 1464, and 5412(b)(2)(B).
(b) *Purpose.* This part sets forth rules governing the offer and sale of securities issued by a national bank or Federal savings association.
(c) *Scope.* This part applies to offers and sales of national bank or Federal savings association securities by issuers, underwriters, and dealers.
[59 FR 54798, Nov. 2, 1994, as amended at 82 FR 8107, Jan. 23, 2017]