23 May 2025
🏦Federal Reserve Notice on Nonbanking Activity Proposals Impact
Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
Summary
The Federal Reserve's notice corrects details on proposals for companies to engage in nonbanking activities, including trust company functions and data processing. Companies may seek to acquire additional interests in relevant firms, adhering to regulations that govern such activities for bank holding companies. The comment period for stakeholder feedback is open until May 27, 2025.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The notice from the Federal Reserve discusses proposals for companies to engage in permissible nonbanking activities, which directly relates to regulatory compliance requirements for businesses. It impacts how companies in the banking sector must navigate shareholder approvals and the legal framework for acquisitions in nonbanking sectors.