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Finance & markets · 01/11/1996

US Regulatory Change Allows Bank Holding Companies to Engage in Nonbanking Activities Without Board Approval

The Economic Growth and Regulatory Paperwork Reduction Act of 1996 has been amended to eliminate the requirement for bank holding companies to seek Board approval before engaging in permissible nonbanking activities, effective immediately, for well-capitalized companies meeting specific criteria

Original source language: Federal Register — Federal ReserveOpen original release →

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