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Reg O Annual Financial Statement for Shareholder

We have been told that according to Reg O, we must have a financial statement completed annually for any shareholder who holds 10.9% or more in our stock. I have not been able to find this requirement in Reg O. The shareholder is not a director of the bank. Could this be an SEC requirement?

John Burnett

Whenever I read "we have been told," my almost automatic response is, "By whom, and based on what law, regulation, guidance or other source?"


Jim Bedsole

It could be an SEC requirement (although I'm not aware of anything on that front), or it could be a state law/reg requirement, but it definitely is not a Reg O requirement.

First published on 02/09/2015

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