N.Y. Comp. Codes R. & Regs. tit. 3 § 8.3

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

Section 8.3 - Information required

(a) The information to be supplied to the superintendent pursuant to section 8.1 of this Supervisory Policy shall be in letter form, shall be submitted prior to the establishment of the office, and shall include:

(1) address of the representative office;

(2) for institutions headquartered outside this State, address of the head office of the banking institution;

(3) complete description of the activities of the representative office;

(4) for institutions headquartered outside this State, opinion of counsel that:

(i) the activities of the representative office are permissible under section 8.4 of this Supervisory Policy; and

(ii) the banking institution has obtained all regulatory approvals required to establish and maintain such representative office.

(b) Any material changes in the above shall be promptly reported to the superintendent.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 8.3