A nonbank financial company supervised by the Board of Governors shall be treated as a bank holding company for purposes of the Depository Institutions Management Interlocks Act ( et seq.), except that the Board of Governors shall not exercise the authority provided in section 7 of that Act () to permit service by a management official of a nonbank financial company supervised by the Board of Governors as a management official of any bank holding company with total consolidated assets equal to or greater than $250,000,000,000, or other nonaffiliated nonbank financial company supervised by the Board of Governors (other than to provide a temporary exemption for interlocks resulting from a merger, acquisition, or consolidation).
Structure US Code
CHAPTER 53— WALL STREET REFORM AND CONSUMER PROTECTION
SUBCHAPTER I— FINANCIAL STABILITY
§ 5361. Reports by and examinations of nonbank financial companies by the Board of Governors
§ 5364. Prohibition against management interlocks between certain financial companies
§ 5366. Early remediation requirements
§ 5371. Leverage and risk-based capital requirements