The BHCA generally prohibits a bank holding company from acquiring, either directly or indirectly, an entity that is not a bank. There are however, fourteen main exemptions to the nonbanking prohibition.
- Please identify the statute which lists these exemptions to the nonbanking prohibition.
- What do you think was the reason for choosing these specific exemptions?
- Give examples of other exemptions that might also arise from the same concerns and goals.
Sample Solution