{"data":{"id":"us/12-cfr-252.160","jurisdiction":"us","citation":"12 CFR 252.160","heading":"Applicability.","body":"(a) General applicability. This subpart applies to a U.S. intermediate holding company that is required to be established pursuant to § 252.153 and is controlled by a global systemically important foreign banking organization (Covered IHC).\n(b) Initial applicability. A Covered IHC is subject to the requirements of §§ 252.162, 252.163, 252.165, 252.166, and 252.167 beginning on the later of:\n(1) January 1, 2019; and\n(2) 1095 days (three years) after the later of the date on which:\n(i) The U.S. non-branch assets of the global systemically important foreign banking organization that controls the Covered IHC equaled or exceeded $50 billion; and\n(ii) The foreign banking organization that controls the Covered IHC became a global systemically important foreign banking organization.\n(c) Applicability of § 252.164. Section 252.164 applies to a global systemically important foreign banking organization with U.S. non-branch assets that equal or exceed $50 billion.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"308de0d85b609de160f84de074fdc03aa65f944219d6ffacb739460acbe1aba9","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-252.158","next":"us/12-cfr-252.161"},"notice":"GroundRules: Original legal text. Not legal advice."}