12 USC 1820a - Examination of investment companies
(a) Exclusive Commission authority
Except as provided in subsection (c) of this section, a Federal banking agency may not inspect or examine any registered investment company that is not a bank holding company or a savings and loan holding company.
Except as provided in subsection (c) of this section, a Federal banking agency may not inspect or examine any registered investment company that is not a bank holding company or a savings and loan holding company.
(b) Examination results and other information
The Commission shall provide to any Federal banking agency, upon request, the results of any examination, reports, records, or other information with respect to any registered investment company to the extent necessary for the agency to carry out its statutory responsibilities.
The Commission shall provide to any Federal banking agency, upon request, the results of any examination, reports, records, or other information with respect to any registered investment company to the extent necessary for the agency to carry out its statutory responsibilities.
(c) Certain examinations authorized
Nothing in this section shall prevent the Corporation, if the Corporation finds it necessary to determine the condition of an insured depository institution for insurance purposes, from examining an affiliate of any insured depository institution, pursuant to its authority under section 1820 (b)(4) of this title, as may be necessary to disclose fully the relationship between the insured depository institution and the affiliate, and the effect of such relationship on the insured depository institution.
Nothing in this section shall prevent the Corporation, if the Corporation finds it necessary to determine the condition of an insured depository institution for insurance purposes, from examining an affiliate of any insured depository institution, pursuant to its authority under section 1820 (b)(4) of this title, as may be necessary to disclose fully the relationship between the insured depository institution and the affiliate, and the effect of such relationship on the insured depository institution.
(d) Definitions
For purposes of this section, the following definitions shall apply:
For purposes of this section, the following definitions shall apply:
(1) Bank holding company
The term bank holding company has the meaning given the term in section 1841 of this title.
The term bank holding company has the meaning given the term in section 1841 of this title.
(2) Commission
The term Commission means the Securities and Exchange Commission.
The term Commission means the Securities and Exchange Commission.
(3) Corporation
The term Corporation means the Federal Deposit Insurance Corporation.
The term Corporation means the Federal Deposit Insurance Corporation.
(4) Federal banking agency
The term Federal banking agency has the meaning given the term in section 1813 (z) of this title.
The term Federal banking agency has the meaning given the term in section 1813 (z) of this title.
(5) Insured depository institution
The term insured depository institution has the meaning given the term in section 1813 (c) of this title.
The term insured depository institution has the meaning given the term in section 1813 (c) of this title.