financial activities

(5) Covered financial activities For purposes of this subsection, the term “financial activities”— (A) means activities that are financial in nature (as defined in section 1843(k) of this title ); (B) includes the ownership or control of one or more insured depository institutions; and (C) does not include internal financial activities conducted for the company or any affiliate thereof, including internal treasury, investment, and employee benefit functions.

Source

12 USC § 5323(c)(5)


Scoping language

For purposes of this subsection
Is this correct? or