§ 362.6. Purpose and scope.
88 words·~1 min read·
/us/cfr/t12/s§ 362.6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
This subpart, along with the notice and application procedures in subpart G of part 303 of this chapter apply to certain banking practices that may have adverse effects on the safety and soundness of insured state nonmember banks. This subpart contains the required prudential separations between certain securities underwriting affiliates and insured state nonmember banks. The standards only will apply to affiliates of insured state nonmember banks that are not controlled by an entity that is supervised by a federal banking agency. [66 FR 1028, Jan. 5, 2001]