N.Y. Comp. Codes R. & Regs. Tit. 3 § 114.1 - Purpose and scope
Article XV of the Banking Law authorizes the formation of investment companies and article XII of the Banking Law sets forth the rights and obligations of such investment companies. The purpose of this Part is to clarify the superintendent's examination, supervision, regulation, and enforcement authority over certain financial conglomerates for purposes of carrying out equivalent supervision under the European Union Financial Conglomerates Directive.
Notes
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