Regulation K definition
Examples of Regulation K in a sentence
Terms used in this definition and not otherwise defined herein have the meanings ascribed to such terms under the Board of Governors of the Federal Reserve System’s Regulation K (12 C.F.R. part 211).
Branches of member banks located in foreign nations, in the overseas ▇▇▇▇▇- tories, dependencies, and insular pos- sessions of those nations and of the United States, and in the Common- wealth of Puerto Rico, are subject to the Board’s Regulation K (12 CFR part 211).
Clauses 211.10(a)(14) and 211.10(a)(15) of Regulation K are not applicable to the Banking Company.
Pursuant to these statutory provisions, the Board adopted various regulatory provisions, all of which were consolidated in the Board’s Regulation K, setting forth the procedures for making investments and engaging in activities under these statutes.
In the event that the Company desires to engage in any activity which would violate this Section 5(d), the Regulated Investors agree to cooperate and work with the Company to develop (if reasonably feasible) an alternate arrangement or structure which would be permissible under Regulation K promulgated under the U.S. Bank Holding Company Act, as amended.
Within 60 days of this Agreement, the Bank and the New York Branch shall jointly submit to the Supervisors an acceptable written BSA/AML compliance program for the New York Branch that is designed to improve the New York Branch’s internal controls to ensure compliance with all applicable provisions of the BSA and the rules and regulations issued thereunder, the requirements of Regulation K of the Board of Governors, and 3 N.Y.C.R.R.
The Company hereby represents and warrants that it does not presently engage in business in the United States within the meaning of Section 211.2(g) of Regulation K of the Board of Governors of the Federal Reserve System nor does it presently have nay intention to do so.
The Entities shall not conduct any business or operations that would cause an investment in any of them to become ineligible as a "portfolio investment" for the Investors under Regulation K promulgated by the Federal Reserve Board or any other applicable law, or which would require the Investors to divest the Shares, New Warrants or Warrant Shares under such Regulation K or any other applicable law.
Check box whether or not this investment is subject to Regulation K and, therefore, Schedule A applies Yes [ ], No [X] Section 10.
The Company and the Securityholders understand and acknowledge that the Regulated Investors are regulated under Regulation K promulgated under the U.S. Bank Holding Company Act, as amended.