Management and ownership diversity requirement.

CFR · 2024-01-01 · US · Title 7

(a) (b) (c) (1) Entities whose overall activities are regulated and periodically examined by State, Federal or other governmental authorities satisfactory to the Agency; (2) Entities listed on the New York Stock Exchange; (3) Entities that are publicly-traded and that meet both the minimum numerical listing standards and the corporate governance listing standards of the New York Stock Exchange; (4) Public or private employee pension funds; (5) Trusts, foundations, or endowments, but only if exempt from Federal income taxation; and (6) Other Institutional Investors satisfactory to the Agency. (d) (e) (1) Notify the Agency within 10 days; and (2) Re-establish diversity within six months after loss of diversity.

official document · source cfr-2024 · id 7:§ 4290.150