Type: Part: Subpart: Date Created: 10/7/2013 Date Modified: 7/6/2014 § 611.1152 Authority over equity investments in UBEs for business activity. (a) FCA has Regulation, supervisory, oversight, examination and enforcement authority. regulatory, supervisory, oversight, examination and enforcement authority over each System institution’s equity investment in or control of a UBE and the services and functions that a UBE performs for the System authority to require a System dissolution of, institution. This includes FCA’s institution’s disassociation from, or divestiture of an equity investment in a UBE, or to otherwise condition the approval of equity investments in UBEs. (b) In accordance with section of the Act, Assessing UBE investments and business activity. the cost of regulating and examining System UBEs will be taken into institutions’ activities involving account when assessing a System institution for the cost of administering the Act. []
Type: Part: Subpart: Date Created: 10/7/2013 Date Modified: 7/6/2014 § 611.1152 Authority over equity investments in UBEs for business activity. (a) Regulation, supervisory, oversight, examination and enforcement authority. FCA has regulatory, supervisory, oversight, examination and enforcement authority over each System institution’s equity investment in or control of a UBE and the services and functions that a UBE performs for the System institution. This includes FCA’s authority to require a System institution’s dissolution of, disassociation from, or divestiture of an equity investment in a UBE, or to otherwise condition the approval of equity investments in UBEs. (b) Assessing UBE investments and business activity. In accordance with section of the Act, the cost of regulating and examining System institutions’ activities involving UBEs will be taken into account when assessing a System institution for the cost of administering the Act. []
611.1152.docx