§ 252.21. Applicability.
103 words·~1 min read·
/us/cfr/t12/s§ 252.21·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)General applicability. A bank holding company 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 bank holding company will remain subject to the requirements of this subpart 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 D of this part. [84 FR 59102, Nov. 1, 2019]