Non-Banking Activities (Expedited Prior Notice)

A BHC proposing to engage in permissible non-banking activities (Section 225.28) that have been approved by Board Order or regulation, either de novo or through the acquisition of an existing company, must provide prior notice to the Federal Reserve. This procedure is not available for proposals that involve the acquisition of a thrift institution or other insured depository institution such as a trust company or credit card bank.

Sections 225.21-225.28 of Regulation Y

None required

Form FR Y-4 – Notification for Prior Approval to Engage Directly/Indirectly in Certain Non-banking Activities

12 business days after a complete notice is received by the Federal Reserve