Reporting of stock loans and changes in chief executive officers and directors.

CFR · 2024-01-01 · US · Title 12

(a) (2) Any voting securities of the covered institution held by the foreign bank or any affiliate of the foreign bank as principal must be included in the calculation of the number of voting securities in which the foreign bank or its affiliate has a security interest for purposes of this paragraph (a). (b) (1) Foreign bank shall have the same meaning as in section 1(b) of the International Banking Act of 1978 (12 U.S.C. 3101). (2) Affiliate shall have the same meaning as in section 1(b) of the International Banking Act of 1978 (12 U.S.C. 3101). (3) Credit outstanding includes any loan or extension of credit; the issuance of a guarantee, acceptance, or (4) Group of persons includes any number of persons that the foreign bank or any affiliate of a foreign bank has reason to believe: (i) Are acting together, in concert, or with one another to acquire or control voting securities of the same covered institution, including an acquisition of voting securities of the same covered institution at approximately the same time under substantially the same terms; or (ii) Have made, or propose to make, a joint filing under section 13 or 14 of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78n), and the rules promulgated thereunder by the Securities and Exchange Commission regarding ownership of the voting securities of the same covered institution. (c) (1) The person or group of persons referred to in paragraph (a) has disclosed the amount borrowed and the security interest therei

official document · source cfr-2024 · id 12:§ 303.88