12 CFR 347.109 - Limitations on indirect investments in nonfinancial foreign organizations.
(a) A bank may, through a subsidiary authorized by§§ 347.105 or 347.106, or an Edge corporation if also authorized by the FRB, acquire and hold equity interests in foreign organizations that are not foreign banks or foreign banking organizations and that engage generally in activities beyond those listed in § 347.105(b), subject to the following:
(2) The aggregate holding of voting equity interests of one foreign organization by the bank and its affiliates must be less than:
(c) Loans or extensions of credit made by the bank and its affiliates to the foreign organization must be on substantially the same terms, including interest rates and collateral, as those prevailing at the same time for comparable transactions between thebank or its affiliates and nonaffiliated organizations.
Title 12 published on 2015-01-01.
No entries appear in the Federal Register after this date, for 12 CFR Part 347.