On January 30, 2020, the Federal Reserve issued a highly-anticipated final rule amending its regulations governing when one company will be deemed to control another.
The final rule will provide greater certainty and transparency by codifying and clarifying a number of principles for analyzing control that have never before been set out in a comprehensive fashion or in formal regulation.
The final rule will have significant implications for banking organizations as well as those structuring investments by or into banking organizations.
Please click here to read the full alert memorandum.