Banks and banking. Part252:Enhanced prudential standards (regulation YY). SubpartM:Risk committee requirement for publicly traded foreign banking organizations with total consolidated assets of at Least $10 billion but less than $50 billion. Section252.13
(a) General applicability. Subject to the initial applicability provisions of paragraph (c) of this section, a foreign banking organization with total consolidated assets of at least $10 billion but less than $50 billion and any class of stock (or similar interest) that is publicly traded must comply with the risk-committee requirements set forth in this subpart beginning on the first day of the ninth quarter following the later of the date on which its total consolidated assets equal or exceed $10 billion and the date on which any class of its stock (or similar interest) becomes publicly traded.