Section DFI-SB 22.11 - Registration, reports and examinations(1) REGISTRATION OF MUTUAL HOLDING COMPANIES. Each mutual holding company shall register with the division within 90 days after becoming a mutual holding company in the manner and form prescribed by the division. A mutual holding company that receives the division's prior approval under s. DFI-SB 22.03, to become a mutual holding company may complete this registration requirement through submission of its first annual report to the division as required by sub. (2).(2) REPORTS OF MUTUAL HOLDING COMPANIES. Each mutual holding company shall furnish, in the manner and form prescribed by the division, an annual report for the fiscal year in which it becomes a mutual holding company, and for each fiscal year during which it remains a mutual holding company. Additional information and reports shall be furnished as the division may require.(3) EXAMINATIONS AND INSPECTIONS. The division may examine any mutual holding company and each of its subsidiaries and prepare a report of their operations and activities. The division may rely on examination reports made by the primary federal or state supervisor of a subsidiary financial institution of a mutual holding company.Wis. Admin. Code Department of Financial Institutions DFI-SB 22.11
CR Register, February, 1994, No. 458, eff. 3-1-94.This section interprets or implements s. 214.095, Stats.