§ 252.131. Applicability.
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/us/cfr/t12/s§ 252.131·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)General applicability. A foreign banking organization with average total consolidated assets of at least $50 billion but less than $100 billion must comply with the risk-committee requirements set forth in this subpart beginning on the first day of the ninth quarter following the date on which its average total consolidated assets equal or exceed $50 billion.
(b)Cessation of requirements. A foreign banking organization will remain subject to the risk-committee requirements of this section until the earlier of the date on which:
(1)Its total consolidated assets are below $50 billion for each of four consecutive calendar quarters; and
(2)It becomes subject to the requirements of subpart N or subpart O of this part. [84 FR 59109, Nov. 1, 2019]
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§ 252.131
Applicability.
Fed. Reg.×1
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