securities holding company

(4) the term “securities holding company”— (A) means— (i) a person (other than a natural person) that owns or controls 1 or more brokers or dealers registered with the Commission; and (ii) the associated persons of a person described in clause (i); and (B) does not include a person that is— (i) a nonbank financial company supervised by the Board under title I; (ii) an insured bank (other than an institution described in subparagraphs (D), (F), or (H) of section 2(c)(2) of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1841(c)(2) ) or a savings association; (iii) an affiliate of an insured bank (other than an institution described in subparagraphs 2 (D), (F), or (H) of section 2(c)(2) of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1841(c)(2) ) 3 or an affiliate of a savings association; (iv) a foreign bank, foreign company, or company that is described in section 3106(a) of this title ; (v) a foreign bank that controls, directly or indirectly, a corporation chartered under section 25A of the Federal Reserve Act ( 12 U.S.C. 611 et seq.); or (vi) subject to comprehensive consolidated supervision by a foreign regulator;

Source

12 USC § 1850a(a)(4)


Scoping language

None identified. Default scope is assumed to be the entire title.
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