12 CFR § 1320.15 - Notification of final determination regarding systemic importance.
---
identifier: "/us/cfr/t12/s1320.15"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1320.15 - Notification of final determination regarding systemic importance."
title_number: 12
title_name: "Banks and Banking"
section_number: "1320.15"
section_name: "Notification of final determination regarding systemic importance."
chapter_name: "FINANCIAL STABILITY OVERSIGHT COUNCIL"
part_number: "1320"
part_name: "DESIGNATION OF FINANCIAL MARKET UTILITIES"
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. 5321; 12 U.S.C. 5322; 12 U.S.C. 5463; 12 U.S.C. 5468; 12 U.S.C. 5469"
regulatory_source: "76 FR 44773, July 27, 2011, unless otherwise noted."
cfr_part: "1320"
---
# 1320.15 Notification of final determination regarding systemic importance.
(a) *Notification of final determination after a hearing.* Within 60 calendar days of the hearing date, the Council shall provide to the financial market utility written notification of the final determination of the Council under § 1320.13, which shall include findings of fact upon which the determination of the Council is based.
(b) *Notification of final determination if no hearing.* If the Council does not receive a timely request for a hearing under § 1320.12, the Council shall provide the financial market utility written notification of the final determination of the Council under § 1320.13 not later than 30 calendar days after the expiration of the date by which a financial market utility could have requested a hearing.