12 CFR §252.160

1. (a)General applicability. This subpart applies to a U.S. intermediate holding company that is required to be established pursuant to § 252.153 and is controlled by a global systemically important foreign banking organization (Covered IHC).
2. (b)Initial applicability. A Covered IHC is subject to the requirements of §§ 252.162, 252.163, 252.165, 252.166, and 252.167 beginning on the later of:
   1. (1)January 1, 2019; and
   2. (2)1095 days (three years) after the later of the date on which:
      1. (i)The U.S. non-branch assets of the global systemically important foreign banking organization that controls the Covered IHC equaled or exceeded $50 billion; and
      2. (ii)The foreign banking organization that controls the Covered IHC became a global systemically important foreign banking organization.
3. (c)Applicability of § 252.164. Section 252.164 applies to a global systemically important foreign banking organization with U.S. non-branch assets that equal or exceed $50 billion.