12 U.S.C. § 1831v - U.S. Code - Unannotated Title 12. Banks and Banking § 1831v. Authority of State insurance regulator and Securities and Exchange Commission

(1)section 1844(c) of this title that limit the authority of the Board of Governors of the Federal Reserve System to require reports from, to make examinations of, or to impose capital requirements on holding companies and their functionally regulated subsidiaries or that require deference to other regulators;

(2)section 1844(g) of this title that limit the authority of the Board to require a functionally regulated subsidiary of a holding company to provide capital or other funds or assets to a depository institution subsidiary of the holding company and to take certain actions including requiring divestiture of the depository institution; and

(3)section 1848a of this title that limit whatever authority the Board might otherwise have to take direct or indirect action with respect to holding companies and their functionally regulated subsidiaries;

(1)Functionally regulated subsidiary

The term “functionally regulated subsidiary” has the meaning given the term in section 1844(c)(5) of this title.

(2)Functionally regulated affiliate

The term “functionally regulated affiliate” means, with respect to any depository institution, any affiliate of such depository institution that is--