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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.

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

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