Prohibited nonbanking activities and acquisitions; exempt bank holding companies.

CFR · 2024-01-01 · US · Title 12

(a) (1) Banking or managing or controlling banks and other subsidiaries authorized under the BHC Act; and (2) An activity that the Board determines to be so closely related to banking, or managing or controlling banks as to be a proper incident thereto, including any incidental activities that are necessary to carry on such an activity, if the bank holding company has obtained the prior approval of the Board for that activity in accordance with the requirements of this regulation. (b) (1) (2) (3) (4) (i) Coverage of the company as a bank holding company under this subpart would be unfair or represent an unreasonable hardship; and (ii) Exclusion of the company from coverage under this part is consistent with the purposes of the BHC Act and section 106 of the Bank Holding Company Act Amendments of 1970 (12 U.S.C. 1971, 1972(1)). The provisions of § 225.4 of subpart A of this part do not

official document · source cfr-2024 · id 12:§ 225.21