California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 10 - Banks
Article 6 - California State Offices of Foreign (Other Nation) Banks
Subarticle 3 - Agencies and Branch Offices
Part 10 - Deposit of Eligible Assets
Subpart 1 - General Provisions
Section 10.16000 - Definition of "Subject Institution" and Scope
Universal Citation: 10 CA Code of Regs 10.16000
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) In this Part, "subject institution" means a foreign (other nation) bank which:
(1)
Maintains one or more California state agencies or branch offices;
(2) Has one or more approved but unopened
California state agencies or branch offices; or
(3) Has closed one or more California state
agencies or branch offices with respect to which it is still required to
maintain eligible assets on deposit with an approved
depositary.
(b) This Part contains regulations relating to the deposit by a subject institution of eligible assets with an approved depository pursuant to Financial Code Section 1811.
1. Change without regulatory effect amending subsection (b) and NOTE filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).
Note: Authority cited: Section 326, Financial Code. Reference: Section 1811, Financial Code.
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