For purposes of this section, the term "Board of Governors' means the Board of Governors" of the Federal Reserve System.
Notwithstanding any other provision of law, if-
then such good faith reliance shall constitute a defense in any administrative or judicial proceeding commenced against such person, partnership, or corporation by the Commission under this subchapter or in any administrative or judicial proceeding commenced against such person, partnership, or corporation by the Attorney General of the United States, upon request made by the Commission, under any provision of law.
The provisions of subsection (b) shall apply regardless of whether any rule, regulation, statement of interpretation, or statement of approval prescribed or issued by the Board of Governors is amended, rescinded, or held to be invalid by judicial authority or any other authority after a person, partnership, or corporation has engaged in any conduct or practice in good faith reliance upon, and in conformity with, such rule, regulation, statement of interpretation, or statement of approval.
If, in any case in which-
any person, partnership, or corporation submits a request to the Board of Governors for the issuance of any statement of interpretation or statement of approval relating to any conduct or practice of such person, partnership, or corporation which may be subject to the requirements of such Federal law, then the Board of Governors shall dispose of such request as soon as practicable after the receipt of such request.
15 U.S.C. § 57b-4
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATESection effective May 28, 1980, see section 23 of Pub. L. 96-252 set out as an Effective Date of 1980 Amendment note under section 45 of this title.