Definitions.

CFR · 2024-01-01 · US · Title 12

For purposes of this part, the following terms have the same meaning as in the Commodity Exchange Act (7 U.S.C. 1 (a) (b) (1) A state member bank (as defined in 12 CFR 208.2); (2) An uninsured state-licensed U.S. branch or agency of a foreign bank; (3) A financial holding company (as defined in section 2 of the Bank Holding Company Act of 1956; 12 U.S.C. 1841); (4) A bank holding company (as defined in section 2 of the Bank Holding Company Act of 1956; 12 U.S.C. 1841); (5) A savings and loan holding company (as defined in section 10 of the Home Owners Loan Act; 12 U.S.C. 1467a) (6) A corporation operating under the fifth undesignated paragraph of section 25 of the Federal Reserve Act (12 U.S.C. 603), commonly known as “an agreement corporation;” and (7) A corporation organized under section 25A of the Federal Reserve Act (12 U.S.C. 611 (c) (d) (e) (f) (g) (h) (i) (1) Any general partner, officer, director, or owner of ten percent or more of the capital stock of the retail forex counterparty; (2) An associated person or employee of the retail forex counterparty, if the retail forex counterparty is not an insured depository institution; (3) An IAP, if the retail forex counterparty is an insured depository institution; and (4) Any relative or spouse of any of the foregoing persons, or any relative of such spouse, who shares the same home as any of the foregoing persons. (j) (k) (l) (m) (n) (1) A banking institution; (2) A retail foreign exchange dealer; (3) A futures commission

official document · source cfr-2024 · id 12:§ 240.2