---
kind: "section"
citation: "12 C.F.R. § 238.61"
title: "12"
number: "238.61"
heading: "Scope."
url: "https://uscodex.org/cfr/12/238.61"
---

# §238.61. Scope.


[Section 10(c)(2)(H)](/cfr/12/10.md?p=c-2-H) of the HOLA ([12 U.S.C. 1467a(c)(2)(H)](/usc/12/1467a.md?p=c-2-H)) permits a savings and loan holding company to engage in activities that are permissible for a financial holding company if the savings and holding company meets the criteria to qualify as a financial holding company and complies with all of the requirements applicable to a financial holding company under sections 4(l) and 4(m) of the BHC Act as if the savings and loan holding company was a bank holding company. This subpart provides the requirements and restrictions for a savings and holding company to be treated as a financial holding company for the purpose of engaging in financial holding company activities. This subpart does not apply to savings and loan holding companies described in [section 10(c)(9)(C)](/cfr/12/10.md?p=c-9-C) of the HOLA ([12 U.S.C. 1467a(c)(9)(C)](/usc/12/1467a.md?p=c-9-C)).


## Notes

### Authority

Authority: 5 U.S.C. 552, 559; 12 U.S.C. 1462, 1462a, 1463, 1464, 1467, 1467a, 1468, 5365; 1813, 1817, 1829e, 1831i, 1972, 15 U.S.C. 78 l.

### Source

Source: Reg. LL, 76 FR 56532, Sept. 13, 2011, unless otherwise noted.