12 CFR 241.1 - Authority and purpose.

Regulations last checked for updates: May 01, 2025

Title 12 - Banks and Banking last revised: Apr 15, 2025

View all text of Part 241 [§ 241.1 - § 241.3]

§ 241.1 - Authority and purpose.

(a) Authority. This part is issued by the Board pursuant to section 618 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 1850a).

(b) Purpose. This part establishes the procedures by which a securities holding company may elect to register to be supervised by the Board.

authority: 12 U.S.C. 1850a.

source: 77 FR 32884, June 5, 2012, unless otherwise noted.

cite as: 12 CFR 241.1