(a) Capital required for a state member bank. A banking institution
defined in section 240.2(b)(1) offering or entering into retail forex
transactions must be well-capitalized as defined in section 208.43
of Regulation H (12 CFR 208.43).
(b) Capital required for an uninsured state-licensed
branch of a foreign bank. A banking institution defined in section
240.2(b)(2) offering or entering into retail forex transactions must
be well-capitalized under the capital rules made applicable to it
pursuant to section 225.2(r)(3) of Regulation Y (12 CFR 225.2(r)(3)).
(c) Capital required for
financial holding companies and bank holding companies. A banking
institution defined in section 240.2(b)(3) or (4) offering or entering
into retail forex transactions must be well-capitalized as defined
in section 225.2(r) of Regulation Y (12 CFR 225.2(r)).
(d) Capital required for savings
and loan holding companies. A banking institution defined in
section 240.2(b)(5) offering or entering into retail forex transactions
must be well-capitalized as defined in section 238.2(s) of Regulation
LL (12 CFR 238.2(s)).
(e) Capital required for an agreement corporation or Edge Act corporation. A banking institution defined in section 240.2(b)(6) or (7) offering
or entering into retail forex transactions must maintain capital in
compliance with the capital adequacy guidelines that are made applicable
to an Edge corporation engaged in banking pursuant to section 211.12
(c)(2) of Regulation K (12 CFR 211.12(c)(2)).
