What type of investments are permitted by this subpart, and under what conditions may they be made?

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (d) (e) (1) The assets are held by or promptly transferred to a portfolio company; (2) The portfolio company maintains policies, books and records, accounts, and other indicia of corporate, partnership or limited liability organization and operation that are separate from the financial holding company and limit the legal liability of the financial holding company for obligations of the portfolio company; and (3) The portfolio company has management that is separate from the financial holding company to the extent required by § 225.171. (f) (1) (i) A broker or dealer; or (ii) A municipal securities dealer, including a separately identifiable department or division of a bank that is registered as a municipal securities dealer. (2) (i) An insurance company that is predominantly engaged in underwriting life, accident and health, or property and casualty insurance (other than credit-related insurance), or providing and issuing annuities; and (ii) A company that: (A) Is registered with the Securities and Exchange Commission as an investment adviser under the Investment Advisers Act of 1940 (15 U.S.C. 80b-1 (B) Provides investment advice to an insurance company.

official document · source cfr-2024 · id 12:§ 225.170