I almost wonder whether it would be good to combine any review of that regulation with a Reg. O review. The issue generally doesn't come up unless there's an application for a merger, and for both Reg. O and Reg. L the theme is adequate knowledge/disclosure of what insiders (especially directors, in the case of Reg. L) do (financially and as decision-makers) inside and outside the institution.
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From the end spring new beginnings.
Pliny the Elder