12 CFR 215.2 - Definitions
| Cite as | 12 CFR 215.2 |
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51 practice notes
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Removal of Transferred OTS Regulations Regarding Disclosure and Reporting of CRA-Related Agreements and Amendments to Other Rules and Regulations
...officer'' has the same meaning as in Sec. 215.2(e)(1) of the Board of Governors of the Federal Reserve System's Regulation O (12 CFR 215.2(e)(1)). (f) Federal banking agency; appropriate Federal banking agency. The terms ``Federal banking agency'' and ``appropriate Federal banking agency'' ......
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Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds
...Exchange Act (15 U.S.C. 78c(a)(79)). (3) Director has the same meaning as provided in section 215.2(d)(1) of the Board's Regulation O (12 CFR 215.2(d)(1)). (4) Issuer has the same meaning as in section 2(a)(22) of the Investment Company Act of 1940 (15 U.S.C. [[Page 62115]] (5) Issuing enti......
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Enhanced Prudential Standards for Bank Holding Companies and Foreign Banking Organizations
...been within the last three years, an executive officer of the company, as defined in section 215.2(e)(1) of the Board's Regulation O (12 CFR 215.2(e)(1)); and (iii) is an independent director under Item 407 of the Securities and Exchange Commission's (SEC) Regulation S-K, 17 CFR 229.407(a),......
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Enhanced Prudential Standards and Early Remediation Requirements for Covered Companies
...been within the last three years, an executive officer of the company, as defined in section 215.2(e)(1) of the Board's Regulation O (12 CFR 215.2(e)(1)); (iii) Is an independent director under Item 407 of the Securities and Exchange Commission's Regulation S-K, 17 CFR 229.407(a). (2) In th......
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12 cases
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Federal Deposit Ins. Corp. v. Allen, No. Civ. 1-83-422.
...or bank, and (B) no other person owns, controls, or has the power to vote a greater percentage of that class of voting securities. 12 C.F.R. § 215.2(b). The lending limit for a member bank is defined an amount equal to the limit of loans to a single borrower established by section 5200 of t......
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In Re Bayonne Medical Center, Bankruptcy No. 07-15195 MS.
...claims that the loan transactions favoring the nonprofit community hospital “were in violation of Federal banking regulations,” citing 12 C.F.R. §§ 215.2 and 215.4. See Dkt. 31 at 38-40. This contention builds to the conclusion that federal regulation, under the circumstances of this case, ......
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Dorsey v. TD Bank, N.A. (In re TD Bank, N.A.), Civil Action No.: 6:15-MN-2613-BHH
...12 C.F.R. § 215(a)(2). Plaintiff acknowledges that Regulation O is explicitly directed at extensions of credit to bank insiders (see 12 C.F.R. § 215.2 (defining "insider" as an executive officer, director, or principal shareholder, and their related interests)), but insists that it is still......
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Cavallari v. Office of Comptroller of Currency, Nos. 1370
...officers or directors of Security Savings and Loan Association, Waterbury, Connecticut, or to their related interests as defined in 12 C.F.R. Sec. 215.2: (a) Richard D. (b) Vinal S. Duncan (c) John A. Corpaci (d) Richard D. Barbieri, Jr. In connection with the order, the OCC issued a Notice......
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5 firm's commentaries
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The Volcker Rule: A Comparison
...Exchange Act (15 U.S.C. 78c(a)(79). (3) Director has the same meaning as provided in §section 215.2(d)(1) of the Board'’s Regulation O (12 CFR 215.2(d)(1)). (3) Ownership interest. 4) Issuer has the same meaning as in section 2(a)(22) of the Investment Company Act of 1940 (15 U.S.C. 80a-2(a......
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Federal Banking Agencies Provide Temporary Relief from Compliance with Regulation O for Investment Advisers to Large Fund Complexes
...Federal Reserve Board Supervision and Regulation Letter, SR 19-16 (Dec. 27, 2019) (Interagency Statement). 2) See 12 U.S.C. § 375b and 12 C.F.R. part 215 (state-chartered banks) and 12 C.F.R. part 31 (applying Regulation O to national banks and federal savings associations). Under Regulatio......
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The Federal Reserve Board's Proposed New Risk Management Requirements For Firms Requiring Enhanced Supervision
...the last three years, an executive officer of the company, as defined in section 215.2(e)(1) of the Federal Reserve's Regulation O (12 CFR 215.2(e)(1)); iii. Is an independent director under Item 407 of the Securities and Exchange Commission's Regulation S-K, 17 CFR 229.407(a). In the case ......
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Beware: Paycheck Protection Program (PPP) Loans to Bank Insiders May Have Unintended Consequences
...more persons . . .[who have] the power to exercise a controlling influence over the management or policies of the company . . . .” See 12 C.F.R. § 215.2(c). [2] While Regulation O is the focus of this article, the institution should also evaluate ethical considerations and other legal requi......
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2 forms
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Country Exposure Report
...report submitted should be signed and certified by an executive officer of the reporting institution. "Executive Officer" is defined in 12 C.F.R. § 215.2 (e)(1). To fulfill the signature and attestation requirement for the Country Exposure Report for this report date, attach a signed copy o......
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Country Exposure Report
...report submitted should be signed and certified by an executive officer of the reporting institution. "Executive Officer" is defined in 12 C.F.R. § 215.2 (e)(1). To fulfill the signature and attestation requirement for the Country Exposure Report for this report date, attach a signed copy o......