{"data":{"id":"us-dc/d.c.-code-26-1401.11","jurisdiction":"us-dc","citation":"D.C. Code § 26-1401.11","heading":"Reasonably related and incidental activities.","body":"(a)\nSubject to any applicable District or federal licensing or regulatory requirements, a universal bank may engage, directly or through a subsidiary, in activities that are reasonably related or incident to the lawful and authorized purposes, activities, operations, or business of the universal bank.\n\n(b)\nThe following activities shall be considered reasonably related or incident to the lawful and authorized purposes, activities, operations, or business of a universal bank:\n(1)\nAn activity that a statute or regulation authorizes a universal bank to engage in;\n(2)\nAn activity permitted under the Bank Holding Company Act;\n(3)\nBusiness services;\n(4)\nData processing;\n(5)\nE-commerce services, including web hosting, Internet service provider services, and e-commerce logistics and support;\n(6)\nCourier and messenger services;\n(7)\nCredit related activities;\n(8)\nConsumer services;\n(9)\nReal estate-related services, including real estate brokerage services;\n(10)\nInsurance and related services (other than insurance underwriting);\n(11)\nSecurities brokerage;\n(12)\nInvestment advice;\n(13)\nSecurities and bond underwriting;\n(14)\nMutual fund activities;\n(15)\nManagement consulting;\n(16)\nTax planning and preparation;\n(17)\nCommunity development and charitable activities; and\n(18)\nDebt cancellation contracts.\n\n(c)\nThe Commissioner may, by rule, prescribe additional activities that shall be considered reasonably related or incident to the purposes, activities, operations, or business of a universal bank.\n\n(d)\n(1)\nIf the activity is not described in subsection (a) or (b) of this section, a universal bank shall provide written notice to the Commissioner of the universal bank’s intent to engage in an activity under this section at least 60 days before the universal bank intends to engage in the activity.\n(2)\nThe Commissioner may deny or revoke the authority of a universal bank to engage in an activity for which notice was provided under paragraph (1) of this subsection if the Commissioner determines that:\n(A)\nThe activity is not an activity reasonably related or incident to the purposes, activities, operations, or business of a universal bank;\n(B)\nThe universal bank is not well-capitalized;\n(C)\nThe universal bank is the subject of an enforcement action; or\n(D)\nThe universal bank does not have satisfactory management expertise to engage in the activity for which notice was provided.\n\n(e)\nThe Commissioner shall take the following factors into account when determining whether an activity is reasonably related or incidental to the purposes, activities, operations, or business of a universal bank:\n(1)\nDomestic and international competition for banking and other financial services;\n(2)\nThe convergence of financial institutions and financial products;\n(3)\nChanges, or reasonably expected changes, in the marketplace in which financial institutions compete;\n(4)\nChanges, or reasonably expected changes, in the technology for delivering banking or related financial services;\n(5)\nWhether such activity is necessary or appropriate to allow universal banks to:\n(A)\nCompete effectively with a company seeking to provide banking or related financial services in the United States;\n(B)\nUse an available or emerging technology in providing financial services, including an application necessary to protect the security or efficacy of systems for the transmission of data related to financial transactions; and\n(C)\nOffer customers an available or emerging technology for using banking or related financial services; and\n(6)\nWhether the activity may pose risks to the continued safety and soundness of a universal bank.\n\n(f)\nThe Commissioner may impose conditions upon a universal bank’s engagement in an activity that is reasonably related or incidental to the purposes, activities, operations, or business of a universal bank.","path":["Title 26. Banks and Other Financial Institutions.","Chapter 14. Universal Bank Certification.","Subchapter III. Powers and Authority of Universal Banks."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/26-1401.11","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"73f95ce47597146c8d3533986146c55ad683bdd4a2dc5e8fbeec025e57a14935","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-26-1401.10","next":"us-dc/d.c.-code-26-1401.12"},"notice":"GroundRules: Original legal text. Not legal advice."}