Section 029-122-IV - PROVISIONS OF THE REGULATION1) Subject to the restrictions and limitations set forth in this regulation, financial institutions are hereby authorized, directly or through subsidiaries, to engage in the activities enumerated below: (A) Discount brokerage services;(B) Investment advisory services; and(C) Activities reasonably incident to those listed in 1 through 2 above, as determined by the Superintendent.2) Subject to the restrictions and limitations set forth in this regulation, financial institutions are authorized to engage in the activities enumerated below, solely through subsidiaries: (A) Providing liquidity, management, investment, advisory and consulting services for financial institutions;(B) Conducting interest rate futures transactions, subject to the provisions of 12 C.F.R. § 563.17-4 and the Statement of Policy issued by the Federal Deposit Insurance Corporation, where applicable;(C) Issuing notes, bonds, debentures, or other obligations or securities, except those of the financial institution; and(D) Engaging in activities reasonably incident to those listed in 1 through 3 above, as determined by the Superintendent.02-029 C.M.R. ch. 122, § IV