### Question
What is the definition of U.S. nonbank financial company?


### Answer
The definition of **U.S. nonbank financial company** is as follows in *12 U.S.C. § 5311*:

> a company (other than a bank holding company, a Farm Credit System institution chartered and subject to the provisions of the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.), or a national securities exchange (or parent thereof), clearing agency (or parent thereof, unless the parent is a bank holding company), security-based swap execution facility, or security-based swap data repository registered with the Commission, or a board of trade designated as a contract market (or parent thereof), or a derivatives clearing organization (or parent thereof, unless the parent is a bank holding company), swap execution facility or a swap data repository registered with the Commodity Futures Trading Commission), that is—


(i) incorporated or organized under the laws of the United States or any State

#### Citation:
  - *12 U.S.C. § 5311*
  - Heading: **CHAPTER 53-WALL STREET REFORM AND CONSUMER PROTECTION > SUBCHAPTER I-FINANCIAL STABILITY**

