Section 252.160 - Applicability(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).(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: (2) 1095 days (three years) after the later of the date on which:(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(ii) The foreign banking organization that controls the Covered IHC became a global systemically important foreign banking organization.(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.82 FR 8311, Jan. 24, 2017, as amended at 86 FR 738, Jan. 6, 2021