functionally regulated affiliate
Defined in 1 dictionary — U.S. Code
United States Code
12 U.S.C. § 1831V — for purposes of this section (3 versions over time)
The term "functionally regulated affiliate" means, with respect to any depository institution, any affiliate of such depository institution that is—
(A) not a depository institution holding company; and
(B) a company described in any clause of section 1844(c)(5)(B) of this title.