§ 561.406. Country with primary jurisdiction over the foreign financial institution.
71 words·~1 min read·
/us/cfr/t31/s§ 561.406·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For purposes of § 561.203(i) and § 561.204(f), a country includes any jurisdiction that has its own central bank or contains a separate financial sector authority, and a foreign financial institution (including its foreign branches outside of the United States) is under a country's primary jurisdiction if the foreign financial institution is organized under the laws of the country or any jurisdiction within that country. \[78 FR 16409, Mar. 15, 2013\]