17 CFR 240.12b-5
§ 240.12b-5 Determination of affiliates of banks.
United States · 17 CFR — Commodity and Securities Exchanges · Status: effective
Cite this
- Citation
- 17 CFR 240.12b-5, § 240.12b-5 Determination of affiliates of banks, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/69008
- Permanent ID
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Full text
In determining whether a person is an “affiliate” or “parent” of a bank or whether a bank is a “subsidiary” or “majority-owner subsidiary” of a person within the meaning of those terms as defined in § 240.12b-2, voting securities of the bank held by a corporation all of the stock of which is directly owned by the United States Government shall not be taken into consideration.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.