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Definitions - Predominantly Engaged in Financial Activities and Significant Nonbank Financial Company and Bank Holding Company (US Federal Reserve System Regulation) (FRS) (2018 Edition) The Law Library

Definitions - Predominantly Engaged in Financial Activities and Significant Nonbank Financial Company and Bank Holding Company (US Federal Reserve System Regulation) (FRS) (2018 Edition) The Law Library presents the complete text of the Definitions - Predominantly Engaged in Financial Activities and Significant Nonbank Financial Company and Bank Holding Company (US Federal Reserve System Regulation) (FRS) (2018 Edition). Updated as of May 29, 2018 The Board is adopting this final rule to establish, for purposes of Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act" or "Act"), the requirements for determining if a company is "predominantly engaged in financial activities"; and definitions of the terms "significant nonbank financial company" and "significant bank holding company." These terms are relevant to various provisions of Title I of the Dodd-Frank Act, including section 113, which authorizes the Financial Stability Oversight Council ("Council") to designate a nonbank financial company for supervision by the Board if the Council determines that the nonbank financial company could pose a threat to the financial stability of the United States. This book contains: - The complete text of the Definitions - Predominantly Engaged in Financial Activities and Significant Nonbank Financial Company and Bank Holding Company (US Federal Reserve System Regulation) (FRS) (2018 Edition) - A table of contents with the page number of each section