12 CFR 347.112 - Restrictions applicable to foreign organizations that act as futures commission merchants.
(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:
(2) Bank has obtained the prior approval of the FDIC under§ 347.120(d).
Title 12 published on 2015-01-01.
No entries appear in the Federal Register after this date, for 12 CFR Part 347.