Assertion: bank's subsidiary | /r/HasProperty | engaged in activity
Facets:
value: in an agency capacity
type: MANNER
value: solely
type: MANNER
Source sentences:
text: (4) Paragraph (g)(3) of this section does not apply if the financial subsidiary is engaged solely in activities in an agency capacity.
text: A national bank that does not continue to meet the qualification requirement set forth in paragraph (g)(3) of this section, applicable where the bank's financial subsidiary is engaged in activities other than solely in an agency capacity, may not directly or through a subsidiary, purchase or acquire any additional equity capital of any such financial subsidiary until the bank meets the requirement in paragraph (g)(3) of this section.