Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 1 - FINANCE COMMISSION OF TEXAS
Chapter 3 - STATE BANK REGULATION
Subchapter C - FOREIGN BANK BRANCHES, AGENCIES AND REPRESENTATIVE OFFICES
Section 3.44 - Statements of Registration, Notices and Filings Related to Foreign Bank Representative Offices
Current through Reg. 50, No. 13; March 28, 2025
(a) General. A foreign bank may establish a representative office in this state whether or not the foreign bank is authorized to maintain a Texas branch or agency.
(b) Applicability. This section applies only to a foreign bank that does not maintain a Texas branch or agency. A foreign bank that maintains a Texas branch or agency is not subject to this section and may establish a representative office by providing the notice required under § 3.41(c) of this title (relating to Applications, Notices and Reports Related to Foreign Bank Branches and Agencies).
(c) Statement of registration. To establish a representative office in this state, a foreign bank shall file with the banking commissioner a statement of registration on the form prescribed by the department. The statement of registration must:
(d) Commencement of operations. A foreign bank may establish its representative office upon receipt of written confirmation from the banking commissioner that the statement of registration is complete and all required fees have been paid.
(e) Separate statement of registration required. A statement of registration must be filed for each representative office a foreign bank establishes in this state. If a foreign bank has established an initial representative office in accordance with this section, the banking commissioner may waive one or more of the informational requirements of the statement of registration form with respect to any additional Texas representative office the foreign bank seeks to establish. However, payment of the registration fee provided for in § 15.2(b) of this title (relating to Filing and Investigation Fees) may not be waived.
(f) Notices. A foreign bank that maintains a representative office in this state shall file the following notices in English with the banking commissioner: