Finance & markets · 27/03/1998Updated: 10/17/2026 · 1 min read
Federal Reserve Clarifies Operating Standards for Bank Holding Companies' Nonbank Subsidiaries
The Federal Reserve is modifying a customer disclosure operating standard to clarify that a nonbank subsidiary of a bank holding company can satisfy the requirement by providing a one-time written disclosure when an investment account is opened, rather than requiring ongoing disclosures at bank branches.