New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 114 - Supervision And Regulation Of Article Xii Investment Company Holding Companies And Their Subsidiaries For Purposes Of The European Union Financial Conglomerates Directive
Section 114.4 - Supervision agreements with financial conglomerates

The superintendent may enter into one or more supervision agreements with each financial conglomerate. Such supervision agreements will set forth the specific plan of supervision and detailed regulatory requirements applicable to an investment company holding company and its subsidiaries (e.g., capital requirements, reporting requirements, transactional limitations, etc.). The superintendent may exercise enforcement authority under Banking Law, sections 39 and 44 for breaches or violations of such supervision agreements. Such supervision agreements shall be in addition to, and shall not serve as a limitation on, the superintendent's examination, supervision, regulation and enforcement authority provided under this Part over investment company holding companies and their subsidiaries to the same extent as the superintendent has examination, supervision, regulation, and enforcement authority over any banking organization under the Banking Law.