§238.63. Requirements to engage in financial holding company activities.
12 C.F.R. § 238.63
In general. In order for a savings and loan holding company to engage in financial holding company activities:
The savings and loan holding company and all depository institutions controlled by the savings and loan holding company must be and remain well capitalized;
The savings and loan holding company and all depository institutions controlled by the savings and loan company must be and remain well managed; and
The savings and loan holding company must have made an effective election to be treated as a financial holding company.
Notes, amendments, and revision history
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.