Proceedings with respect to
applications for initial licenses will include, but not be limited
to, applications for Board approval under section 3 of the BHC Act
and section 10 of HOLA and such proceedings as may be ordered by the
Board with respect to applications under section 18(c) of the FDIA.
In such initial licensing proceedings, the procedures set forth in
subpart A of this part will apply, except that the Board may designate
a Board counsel to represent the Board in a non-adversary capacity
for the purpose of developing for the record information relevant
to the issues to be determined by the presiding officer and the Board.
In such proceedings, Board counsel will be considered to be a decisional
employee for purposes of sections 263.9 and 263.40.
