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§ 347.112 - Restrictions applicable to foreign organizations that act as futures commission merchants.

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If a bank acquires or retains an equity interest in a foreign organization that acts as a futures commission merchant pursuant to § 347.105(b)(16), the foreign organization may not be a member of an exchange or clearing association that requires members to guarantee or otherwise contract to cover losses suffered by other members unless the:

Foreign organization's liability does not exceed two percent of the bank's Tier 1 capital, or

Bank has obtained the prior approval of the FDIC under § 347.120(d).

[Reserved]

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§ 347.111 - Underwriting and dealing limits applicable to foreign organizations held by insured state nonmember banks.
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§ 347.113 - Restrictions applicable to activities by a foreign organization in the United States.