12 C.F.R. § 223.52 What transactions with affiliates or others must comply with section 23B's market terms requirement?
Title 12 - Banks and Banking
(a) The market terms requirement of §223.51 applies to the following transactions: (1) Any covered transaction with an affiliate, unless the transaction is exempt under paragraphs (a) through (c) of §223.41 or paragraphs (a) through (e) or (h) through (j) of §223.42; (2) The sale of a security or other asset to an affiliate, including an asset subject to an agreement to repurchase; (3) The payment of money or the furnishing of a service to an affiliate under contract, lease, or otherwise; (4) Any transaction in which an affiliate acts as an agent or broker or receives a fee for its services to the member bank or to any other person; and (5) Any transaction or series of transactions with a nonaffiliate, if an affiliate: (i) Has a financial interest in the nonaffiliate; or (ii) Is a participant in the transaction or series of transactions. (b) For the purpose of this section, any transaction by a member bank with any person will be deemed to be a transaction with an affiliate of the member bank if any of the proceeds of the transaction are used for the benefit of, or transferred to, the affiliate.
Title 12: Banks and Banking
PART 223—TRANSACTIONS BETWEEN MEMBER BANKS AND THEIR AFFILIATES (REGULATION W)
Subpart F—General Provisions of Section 23B
§ 223.52 What transactions with affiliates or others must comply with section 23B's market terms requirement?
