3 CRR-NY 114.4NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 3. BANKING
CHAPTER I. GENERAL REGULATIONS OF THE SUPERINTENDENT
PART 114. SUPERVISION AND REGULATION OF ARTICLE XII INVESTMENT COMPANY HOLDING COMPANIES AND THEIR SUBSIDIARIES FOR PURPOSES OF THE EUROPEAN UNION FINANCIAL CONGLOMERATES DIRECTIVE
3 CRR-NY 114.4
3 CRR-NY 114.4
114.4 Supervision agreements with financial conglomerates.
The superintendent may enter into one or more supervision agreements with each financial conglomerate. Such supervision agreements will set forth the specific plan of supervision and detailed regulatory requirements applicable to an investment company holding company and its subsidiaries (e.g., capital requirements, reporting requirements, transactional limitations, etc.). The superintendent may exercise enforcement authority under Banking Law, sections 39 and 44 for breaches or violations of such supervision agreements. Such supervision agreements shall be in addition to, and shall not serve as a limitation on, the superintendent's examination, supervision, regulation and enforcement authority provided under this Part over investment company holding companies and their subsidiaries to the same extent as the superintendent has examination, supervision, regulation, and enforcement authority over any banking organization under the Banking Law.
3 CRR-NY 114.4
Current through January 31, 2023
End of Document

IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.