### Question
How does BANK HOLDING COMPANIES define functionally regulated subsidiary?


### Answer
Under *12 U.S.C. § 1844*, **functionally regulated subsidiary** is defined as:

> any company—


(A) that is not a bank holding company or a depository institution

#### Citation:
  - *12 U.S.C. § 1844*
  - Heading: **CHAPTER 17-BANK HOLDING COMPANIES**

