functionally regulated affiliate
Defined in 1 place of the United States Code.
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.
Source
- 1999–present12 U.S.C. § 1831VBanks and Banking · Authority of State insurance regulator and Securities and Exchange Commission · for purposes of this section