12 C.F.R. § 237.12

Current through November 30, 2024
Section 237.12 - Capital

A covered swap entity shall comply with:

(a) In the case of a covered swap entity that is a state member bank (as defined in 12 CFR 208.2(g) ), the provisions of the Board's Regulation Q ( 12 CFR part 217 ) applicable to the state member bank;
(b) In the case of a covered swap entity that is a bank holding company (as defined in 12 U.S.C. 1842 ) or a savings and loan holding company (as defined in 12 U.S.C. 1467a ), the provisions of the Board's Regulation Q (12 CFR part 217) applicable to the covered swap entity;
(c) In the case of a covered swap entity that is a foreign banking organization (as defined in 12 CFR 211.21(o) ), a U.S. intermediate holding company subsidiary of a foreign banking organization (as defined in 12 CFR 252.3(y) ) or any state branch or state agency of a foreign bank (as defined in 12 U.S.C. 3101(b)(11) and (12) ), the capital standards that are applicable to such covered swap entity under § 225.2(r)(3) of the Board's Regulation Y (12 CFR 225.2(r)(3) ) or the Board's Regulation YY ( 12 CFR part 252 ); and
(d) In the case of a covered swap entity that is an Edge or agreement corporation (as defined in 12 CFR 211.1(c)(2) and (3) ), the capital standards applicable to an Edge corporation under § 211.12(c) of the Board's Regulation K (12 CFR 211.12(c) ) and to an agreement corporation under §§ 211.5(g) and 211.12(c) of the Board's Regulation K (12 CFR 211.5(g) and 211.12(c) ).

12 C.F.R. §237.12

80 FR 74912 , Nov. 30, 2015