§ 5364. Prohibition against management interlocks between certain financial companies

A nonbank financial company supervised by the Board of Governors shall be treated as a bank holding company for purposes of the Depository Institutions 1 1 So in original. Probably should be “Institution”. Management Interlocks Act ( 12 U.S.C. 3201 et seq.), except that the Board of Governors shall not exercise the authority provided in section 7 2 2 So in original. There is no section 7 of such Act. of that Act ( 12 U.S.C. 3207 ) to permit service by a management official of a nonbank financial company supervised by the Board of Governors as a management official of any bank holding company with total consolidated assets equal to or greater than $250,000,000,000, or other nonaffiliated nonbank financial company supervised by the Board of Governors (other than to provide a temporary exemption for interlocks resulting from a merger, acquisition, or consolidation).