Operations subsidiaries of a bank holding company.

CFR · 2024-01-01 · US · Title 12

In orders approving the retention by a bank holding company of a 4(c)(8) subsidiary, the Board has stated that it would permit, without any specific regulatory approval, the formation of a wholly owned subsidiary of an approved 4(c)(8) company to engage in activities that such a company could itself engage in directly through a division or department. (

official document · source cfr-2024 · id 12:§ 225.141