May 30 (Bloomberg) -- The Federal Reserve adopted a final rule stipulating the criteria under which a U.S. broker-dealer may choose the Fed Board of Governors as its supervisor if government oversight is required under laws outside the U.S.
The rule, required by section 618 of the Dodd-Frank Act, says a U.S. securities holding company that is required by a foreign regulator to be subject to comprehensive supervision may register with the U.S. central bank.
The Fed lists nine types of information a securities holding company must submit to receive consideration for supervision, including an organizational chart, biographical information on senior executives, and copies of the most recent quarterly and annual reports, the Fed said in a press release.
To contact the reporters on this story: Craig Torres in Washington at email@example.com
To contact the editor responsible for this story: Chris Wellisz at firstname.lastname@example.org