Permitted organizing and offering, underwriting, and market making with respect to a covered fund.

CFR · 2024-01-01 · US · Title 12

(a) (1) The banking entity (or an affiliate thereof) provides (2) The covered fund is organized and offered only in connection with the provision of (3) The banking entity and its affiliates do not acquire or retain an ownership interest in the covered fund except as permitted under § 248.12 of this subpart; (4) The banking entity and its affiliates comply with the requirements of § 248.14 of this subpart; (5) The banking entity and its affiliates do not, directly or indirectly, guarantee, assume, or otherwise insure the obligations or performance of the covered fund or of any covered fund in which such covered fund invests; (6) The covered fund, for corporate, marketing, promotional, or other purposes: (i) Does not share the same name or a variation of the same name with the banking entity (or an affiliate thereof) except that a covered fund may share the same name or a variation of the same name with a banking entity that is an investment adviser to the covered fund if: (A) The investment adviser is not an insured depository institution, a company that controls an insured depository institution, or a company that is treated as a bank holding company for purposes of section 8 of the International Banking Act of 1978 (12 U.S.C. 3106); and (B) The investment adviser does not share the same name or a variation of the same name as an insured depository institution, a company that controls an insured depository institution, or a company that is treated as a bank holding company f

official document · source cfr-2024 · id 12:§ 248.11