StacksVerified U.S. regulatory reference

12 CFR §347.112

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov
  1. (a)If a bank acquires or retains an equity interest in a foreign organization that acts as a futures commission merchant pursuant to § 347.105(b)(16), the foreign organization may not be a member of an exchange or clearing association that requires members to guarantee or otherwise contract to cover losses suffered by other members unless the:
    1. (1)Foreign organization's liability does not exceed two percent of the bank's Tier 1 capital, or
    2. (2)Bank has obtained the prior approval of the FDIC under § 347.120(d).
  2. (b)[Reserved]