Wholly-owned affiliate

Wholly-owned affiliate means a person (other than an issuing entity) that, directly or indirectly, wholly controls, is wholly controlled by, or is wholly under common control with, another person. For purposes of this definition, wholly controls means ownership of 100 percent of the equity of an entity.

Source

12 CFR § 373.2

---

Scoping language

For purposes of this part, the following definitions apply:

---

Is this correct? or