GroundRules
12 CFR 252.167: Disclosure requirements for resolution Covered IHCs.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER II—FEDERAL RESERVE SYSTEM
- SUBCHAPTER A—BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
- PART 252—ENHANCED PRUDENTIAL STANDARDS (REGULATION YY)
- Subpart P—Covered IHC Long-Term Debt Requirement, Covered IHC Total Loss absorbing Capacity Requirement and Buffer, and Restrictions on Corporate Practices for Intermediate Holding Companies of Global Systemically Important Foreign Banking Organizations
(a) A resolution Covered IHC that has any outstanding eligible external debt securities must publicly disclose a description of the financial consequences to unsecured debtholders of the resolution Covered IHC entering into a resolution proceeding in which the resolution Covered IHC is the only entity in the United States that would be subject to the resolution proceeding.
(b) A resolution Covered IHC must provide the disclosure required by paragraph (a) of this section:
(1) In the offering documents for all of its eligible external debt securities; and
(2) Either:
(i) On the resolution Covered IHC's Web site; or
(ii) In more than one public financial report or other public regulatory reports, provided that the resolution Covered IHC publicly provides a summary table specifically indicating the location(s) of this disclosure.
Collected 2026-08-27T02:24:16Z. Source file · JSON