What are the consequences of failing to continue to meet applicable capital and management requirements?

CFR · 2024-01-01 · US · Title 12

(a) (b) (2) (ii) (c) (2) (3) (i) Explain the specific actions that the company will take to correct all areas of noncompliance; (ii) Provide a schedule within which each action will be taken; (iii) Provide any other information that the Board may require; and (iv) Be acceptable to the Board. (d) (1) The Board may impose any limitations or conditions on the conduct or activities of the company or any of its affiliates as the Board finds to be appropriate and consistent with the purposes of the BHC Act; and (2) The company and its affiliates may not commence any additional activity or acquire control or shares of any company under section 4(k) of the BHC Act without prior approval from the Board. (e) (2) (f)

official document · source cfr-2024 · id 12:§ 225.83