Authority, purpose, and scope.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) Regulate the acquisition of control of banks by companies and individuals; (2) Define and regulate the nonbanking activities in which bank holding companies and foreign banking organizations with United States operations may engage; and (3) Set forth the procedures for securing approval for these transactions and activities. (c) (2) (3) (4) (5) (6) (7) (8) (9) Subpart I establishes the procedure by which a bank holding company may elect to become a financial holding company, enumerates the consequences if a financial holding company ceases to meet a requirement applicable to a financial holding company, lists the activities in which a financial holding company may engage, establishes the procedure by which a person may request the Board to authorize additional activities as financial in nature or incidental thereto, (10) (11) (12)-(13) [Reserved] (14) (15) [Reserved] (16)

official document · source cfr-2024 · id 12:§ 225.1