Wis. Admin. Code Department of Financial Institutions DFI-SB 22.11 - Registration, reports and examinations
(1) REGISTRATION OF
MUTUAL HOLDING COMPANIES. Each mutual holding company shall register with the
division within 90 days after becoming a mutual holding company in the manner
and form prescribed by the division. A mutual holding company that receives the
division's prior approval under s.
DFI-SB
22.03, to become a mutual holding company may complete
this registration requirement through submission of its first annual report to
the division as required by sub. (2).
(2) REPORTS OF MUTUAL HOLDING COMPANIES. Each
mutual holding company shall furnish, in the manner and form prescribed by the
division, an annual report for the fiscal year in which it becomes a mutual
holding company, and for each fiscal year during which it remains a mutual
holding company. Additional information and reports shall be furnished as the
division may require.
(3)
EXAMINATIONS AND INSPECTIONS. The division may examine any mutual holding
company and each of its subsidiaries and prepare a report of their operations
and activities. The division may rely on examination reports made by the
primary federal or state supervisor of a subsidiary financial institution of a
mutual holding company.
Notes
This section interprets or implements s. 214.095, Stats.
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