---
kind: "section"
citation: "31 C.F.R. § 561.406"
title: "31"
number: "561.406"
heading: "Country with primary jurisdiction over the foreign financial institution."
url: "https://uscodex.org/cfr/31/561.406"
---

# §561.406. Country with primary jurisdiction over the foreign financial institution.


For purposes of [§ 561.203(i)](/cfr/31/561.203.md?p=i) and [§ 561.204(f)](/cfr/31/561.204.md?p=f), a country includes any jurisdiction that has its own central bank or contains a separate financial sector authority, and a foreign financial institution (including its foreign branches outside of the United States) is under a country's primary jurisdiction if the foreign financial institution is organized under the laws of the country or any jurisdiction within that country.


## Notes

### Amendments

[78 FR 16409, Mar. 15, 2013]

### Authority

Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; 22 U.S.C. 8501-8551, 8701-8795; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 12957, 60 FR 14615, 3 CFR, 1995 Comp., p. 332; E.O. 13553, 75 FR 60567, 3 CFR, 2010 Comp., p. 253; E.O. 13599, 77 FR 6659, 3 CFR, 2012 Comp., p. 215; E.O. 13846, 83 FR 38939, 3 CFR, 2018 Comp., p. 854; E.O. 13871, 84 FR 20761, 3 CFR, 2019 Comp., p. 309.

### Source

Source: 77 FR 11726, Feb. 27, 2012, unless otherwise noted.

### Amendments

[78 FR 16409, Mar. 15, 2013]