# Definitions of “Predominantly Engaged In Financial Activities” and “Significant” Nonbank Financial Company and Bank Holding Company
> **US Federal Reserve System** · Final rule. · Published 2013-04-05 · Effective 2013-05-06 · 78 FR 20756
## Document
- **Document number:** 2013-07688
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 78 FR 20756
- **CFR reference:** 12 CFR 242
- **Publication date:** 2013-04-05
- **Effective date:** 2013-05-06
- **Docket:** Regulation PP
## Abstract

The Board is adopting this final rule to establish, for purposes of Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act" or "Act"), the requirements for determining if a company is "predominantly engaged in financial activities"; and definitions of the terms "significant nonbank financial company" and "significant bank holding company." These terms are relevant to various provisions of Title I of the Dodd-Frank Act, including section 113, which authorizes the Financial Stability Oversight Council ("Council") to designate a nonbank financial company for supervision by the Board if the Council determines that the nonbank financial company could pose a threat to the financial stability of the United States.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2013/04/05/2013-07688/definitions-of-predominantly-engaged-in-financial-activities-and-significant-nonbank-financial)
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