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Regulation L Banking 212.1 authority, purpose, and scope. “agent bank”, in relation to a foreign entity, means a bank in singapore or merchant bank which is a branch or subsidiary of the. 212.1 authority, purpose, and scope. regulation l prohibits a management official of a depository institution or depository institution holding. the ten faqs for regulation l include interpretations to assist banking organizations in complying with the. regulation 29 of the banking regulations is amended by deleting the words “ “deposit liabilities of a bank” ” and. the purpose of the interlocks act and this part is to foster competition by generally prohibiting a management official from. In these regulations, unless the context otherwise. staff of the board of governors of the federal reserve system has developed the following frequently. These regulations may be cited as the banking regulations.
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