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Finance et marchés · 27/03/19981 min de lecture
Bank Holding Companies and Change in Bank Control; Clarification to the Board's Section 20 Orders
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Résumé
The Board is clarifying one of the operating standards established in its decisions under the Bank Holding Company Act and section 20 of the Glass-Steagall Act permitting a nonbank subsidiary of a bank holding company to underwrite and deal in securities. The Board is modifying the customer disclosure operating standard to make clear that a section 20 subsidiary operating off bank premises may satisfy the standard by providing a one-time disclosure in writing when an investment account is opened.
Langue originale de la source: Federal Register — Federal ReserveOuvrir le communiqué original →