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Optional Charter Provisions in Mutual Holding Company Structures

aml-bsa-fincen · FinCEN · Rule · Published 2008-07-09 · Effective 2008-10-01 · 73 FR 39216

Document

Document number
E8-14374
Federal Register citation
73 FR 39216
CFR reference
12 CFR 575
Type
Rule
Action
Final rule.
Category
aml-bsa-fincen
Sub-agency
FinCEN
Publication date
2008-07-09
Effective date
2008-10-01
Treasury docket
No. OTS-2008-0005

Abstract

The Office of Thrift Supervision (OTS) is amending its mutual holding company (MHC) regulations to permit certain MHC subsidiaries to adopt an optional charter provision that would prohibit any person from acquiring, or offering to acquire, beneficial ownership of more than ten percent of the MHC subsidiary's minority stock (stock held by persons other than the subsidiary's MHC).

Source

Authoritative
Federal Register document
Machine
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