§ 712.6 What activities and services are prohibited for CUSOs?
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
General. CUSOs must not acquire control of, either directly or indirectly, another depository financial institution, nor invest in shares, stocks, or obligations of an insurance company, trade association, liquidity facility or similar organization, corporation, or association.
[63 FR 10756, Mar. 5, 1998, as amended at 64 FR 66361, Nov. 26, 1999]
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