Purpose and applicability.

CFR · 2024-01-01 · US · Title 12

(a) (b) (i) It is a: (A) Global systemically important BHC; (B) GSIB depository institution; (C) Category II Board-regulated institution; (D) Category III Board-regulated institution; or (E) Category IV Board-regulated institution with $50 billion or more in average weighted short-term wholesale funding; (ii) It is a covered nonbank company; or (iii) The Board has determined that application of this part is appropriate in light of the Board-regulated institution's asset size, level of complexity, risk profile, scope of operations, affiliation with foreign or domestic covered entities, or risk to the financial system. (2) This part does not apply to: (i) A bridge financial company as defined in 12 U.S.C. 5381(a)(3), or a subsidiary of a bridge financial company; or (ii) A new depository institution or a bridge depository institution, as defined in 12 U.S.C. 1813(i). (3) In making a determination under paragraph (b)(1)(iii) of this section, the Board will apply, as appropriate, notice and response procedures in the same manner and to the same extent as the notice and response procedures set forth in 12 CFR 263.202. (c)

official document · source cfr-2024 · id 12:§ 249.1