|holdings company act||1.26||0.2||7201||1|
|holding company activities||0.59||0.7||8059||37|
|holding company activity code||0.46||0.5||1161||15|
|holding company act north carolina||1.87||0.8||3859||21|
|holding company activities trade or business||1.89||0.7||8208||33|
|permissible bank holding company activities||0.83||0.3||635||75|
|financial holding company activities||0.93||0.6||5538||17|
|bank holding company activities||0.5||0.9||3111||4|
|bank holding company act section 3||1.62||0.3||9668||32|
|financial holding company act||0.15||0.4||258||71|
The law was implemented, in part, to regulate and control banks that had formed bank holding companies to own both banking and non-banking businesses. The law generally prohibited a bank holding company from engaging in most non-banking activities or acquiring voting securities of certain companies that are not banks.What are the statutory and regulatory provisions of the Holding Company Act?
(b) Statutory and Regulatory Provisions. (1) Under section 3 (a) of the Act, a bank holding company may not acquire direct or indirect ownership or control of more than 5 percent of the voting shares of a bank without the Board's prior approval. ( 12 U.S.C. 1842 (a) (3)).What is Section 6 of the Holding Company Act?
(6) Restrictions applicable to investments held beyond time period. A financial holding company that directly or indirectly owns, controls or holds any share, asset or ownership interest of a company under this subpart for a total period that exceeds the period specified in paragraph (b) (1) of this section must--What is a financial holding company under the SEC Act?
The financial holding company is or has an affiliate that is registered under the Securities Exchange Act of 1934 ( 15 U.S.C. 78c, 78o , 78o--4) as: (ii) A municipal securities dealer, including a separately identifiable department or division of a bank that is registered as a municipal securities dealer.