Section 241.2 - DefinitionsExcept as defined below, terms used in this part have the same meaning given them in 12 CFR 225.2 .
(a)Securities holding company.(1) A securities holding company means-(i) Any company that directly or indirectly owns or controls, is controlled by, or is under common control with, one or more brokers or dealers registered with the Securities and Exchange Commission; and(ii) Is required by a foreign regulator or provision of foreign law to be subject to comprehensive consolidated supervision.(2) A securities holding company does not include a company that is-(i) A nonbank financial company supervised by the Board pursuant to title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 et seq.);(ii) An insured bank (other than an institution described in subparagraphs (D), (F), or (H) of section 2(c)(2) of the Bank Holding Company Act of 1956 (12 U.S.C. 1841(c)(2) ) ) or a savings association;(iii) An affiliate of an insured bank (other than an institution described in subparagraphs (D), (F), or (H) of section 2(c)(2) of the Bank Holding Company Act of 1956 (12 U.S.C. 1841(c)(2) ) ) or an affiliate of a savings association;(iv) A foreign bank, foreign company, or company that is described in section 8(a) of the International Banking Act of 1978 (12 U.S.C. 3106(a) ) ;(v) A foreign bank that controls, directly or indirectly, a corporation chartered under section 25A of the Federal Reserve Act (12 U.S.C. 611 et seq.); or(vi) Currently subject to comprehensive consolidated supervision by a foreign regulator.(b)Supervised securities holding company means a securities holding company that is supervised by the Board pursuant to this part.