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6.7 SLHCs Empowered to Conduct the Same Activities as Financial Holding Companies

<< Title VI Overview

6.7 SLHCs Empowered to Conduct the Same Activities as Financial Holding Companies

 

 


6.7.       SLHCs Empowered to Conduct the Same Activities as Financial Holding Companies.  The Act expressly provides that if an SLHC meets the criteria to become a financial holding company, it may conduct the same activities as a financial holding company, subject to the same requirements and conditions applicable to financial holding companies.  This provision is effective 1-year after the enactment of the Act. [§ 606]