§252.160. Applicability.
12 C.F.R. § 252.160
General applicability. This subpart applies to a U.S. intermediate holding company that is required to be established pursuant to § 252.153 and is controlled by a global systemically important foreign banking organization (Covered IHC).
Initial applicability. A Covered IHC is subject to the requirements of §§ 252.162, 252.163, 252.165, 252.166, and 252.167 beginning on the later of:
January 1, 2019; and
1095 days (three years) after the later of the date on which:
The U.S. non-branch assets of the global systemically important foreign banking organization that controls the Covered IHC equaled or exceeded $50 billion; and
The foreign banking organization that controls the Covered IHC became a global systemically important foreign banking organization.
Applicability of § 252.164. Section 252.164 applies to a global systemically important foreign banking organization with U.S. non-branch assets that equal or exceed $50 billion.
Notes, amendments, and revision history
Amendments
[82 FR 8311, Jan. 24, 2017, as amended at 86 FR 738, Jan. 6, 2021]
Source
Source: 82 FR 8311, Jan. 24, 2017, 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
[82 FR 8311, Jan. 24, 2017, as amended at 86 FR 738, Jan. 6, 2021]