What activities are permissible for any financial holding company?

CFR · 2024-01-01 · US · Title 12

The following activities are financial in nature or incidental to a financial activity: (a) (2) Any activity that the Board had determined by an order that was in effect on November 12, 1999, to be so closely related to banking as to be a proper incident thereto, subject to the terms and conditions contained in this part and those in the authorizing orders. These activities are: (i) Providing administrative and other services to mutual funds ( (ii) Owning shares of a securities exchange ( (iii) Acting as a certification authority for digital signatures and authenticating the identity of persons conducting financial and nonfinancial transactions ( (iv) Providing employment histories to third parties for use in making credit decisions and to depository institutions and their affiliates for use in the ordinary course of business ( (v) Check cashing and wire transmission services ( (vi) In connection with offering banking services, providing notary public services, selling postage stamps and postage-paid envelopes, providing vehicle registration services, and selling public transportation tickets and tokens ( (vii) Real estate title abstracting ( (b) (1) Providing management consulting services, including to any person with respect to nonfinancial matters, so long as the management consulting services are advisory and do not allow the financial holding company to control the person to which the services are provided; (2) Operating a travel agency in connection with financial serv

official document · source cfr-2024 · id 12:§ 225.86