§252.131. Applicability.
12 C.F.R. § 252.131
General applicability. A foreign banking organization with average total consolidated assets of at least $50 billion but less than $100 billion must comply with the risk-committee requirements set forth in this subpart beginning on the first day of the ninth quarter following the date on which its average total consolidated assets equal or exceed $50 billion.
Cessation of requirements. A foreign banking organization will remain subject to the risk-committee requirements of this section until the earlier of the date on which:
Its total consolidated assets are below $50 billion for each of four consecutive calendar quarters; and
It becomes subject to the requirements of subpart N or subpart O of this part.
Notes, amendments, and revision history
Amendments
[84 FR 59109, Nov. 1, 2019]
Source
Source: Reg. YY, 79 FR 17323, Mar. 27, 2014, unless otherwise noted.
Authority
Authority: 12 U.S.C. 321-338a, 481-486, 1467a, 1818, 1828, 1831n, 1831o, 1831p-1, 1831w, 1835, 1844(b), 1844(c), 3101 et seq., 3101 note, 3904, 3906-3909, 4808, 5361, 5362, 5365, 5366, 5367, 5368, 5371.
Source
Source: 77 FR 62391, Oct. 12, 2012, unless otherwise noted.
Amendments
[84 FR 59109, Nov. 1, 2019]