# Restrictions on Sales of Assets of a Covered Financial Company by the Federal Deposit Insurance Corporation
> **US Federal Deposit Insurance Corporation** · Final rule. · Published 2014-04-14 · Effective 2014-07-01 · 79 FR 20762
## Document
- **Document number:** 2014-08258
- **Category:** final-rule
- **Agency:** US Federal Deposit Insurance Corporation
- **Federal Register citation:** 79 FR 20762
- **CFR reference:** 12 CFR 380
- **Publication date:** 2014-04-14
- **Effective date:** 2014-07-01
## Abstract

The Federal Deposit Insurance Corporation ("FDIC") is adopting a final rule (the "final rule") to implement a section of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd- Frank Act"). Under that section, individuals or entities that have, or may have, contributed to the failure of a "covered financial company" cannot buy a covered financial company's assets from the FDIC. The final rule establishes a self-certification process that is a prerequisite to the purchase of assets of a covered financial company from the FDIC.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2014/04/14/2014-08258/restrictions-on-sales-of-assets-of-a-covered-financial-company-by-the-federal-deposit-insurance)
---
*AI Analytics · CC0 1.0*