N.Y. Comp. Codes R. & Regs. tit. 3 § 8.2

Current through Register Vol. 46, No. 53, December 31, 2024

Section 8.2 - Definitions

For purposes of this Supervisory Policy:

(a) Banking institution means any bank, trust company, savings bank, and savings and loan association chartered under the laws of New York State, Puerto Rico or any other state or territory of the United States.

(b) Representative office means any office located in this State of a banking institution that engages in representational functions (including but not limited to soliciting business, marketing services or acting as liaison with customers) on behalf of the banking institution, but shall not include a branch office of a banking institution or any office that engages solely in administrative or supervisory functions. A representative office shall also include an office of a New York chartered institution located outside this State that engages in representational functions.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 8.2