12 CFR § 243.10 - Consultation.
---
identifier: "/us/cfr/t12/s243.10"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 243.10 - Consultation."
title_number: 12
title_name: "Banks and Banking"
section_number: "243.10"
section_name: "Consultation."
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "A"
subchapter_name: "BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM"
part_number: "243"
part_name: "RESOLUTION PLANS (REGULATION QQ)"
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. 5265."
regulatory_source: "84 FR 59216, 59227, Nov. 1, 2019, unless otherwise noted."
cfr_part: "243"
---
# 243.10 Consultation.
Before issuing any notice of deficiencies under § 243.8(b), determining to impose requirements or restrictions under § 243.9(a), or issuing a divestiture order pursuant to § 243.9(c) with respect to a covered company that is likely to have a significant impact on a functionally regulated subsidiary or a depository institution subsidiary of the covered company, the Board—
(a) Shall consult with each Council member that primarily supervises any such subsidiary; and
(b) May consult with any other Federal, state, or foreign supervisor as the Board considers appropriate.