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Dodd-Frank Regulatory Reform Rules

FRS - Final criteria for determining whether a company is "predominantly engaged in financial activities" and definitions of "significant nonbank financial company" and "significant bank holding company."

Summary:
This final rule establishes the requirements for determining whether a company is "predominantly engaged in financial activities" and defines the terms "significant nonbank financial company" and "significant bank holding company." These terms relate to the authority of the Financial Stability Oversight Council (FSOC) to designate a nonbank financial company as subject to Federal Reserve supervision if it could pose a threat to the financial stability of the United States. The proposed rules were published on February 11, 2011, (76 FR 7731) and April 10, 2012 (77 FR 21494).

Dates:

Published: 4/5/2013
Effective Date(s): 5/6/2013

Submit Your Comments:

Comment period is closed.

Agency Information:

Agency: FRS
Agency Reference:
Docket No. R-1405 and
RIN 7100-AD64

DFA Section(s):

113

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