(a) Applicability.
(1) Initial applicability. A covered savings and loan holding company
must comply with the risk-management and risk-committee requirements
set forth in section 238.122 and the liquidity risk-management and
liquidity stress test requirements set forth in sections 238.123 and
238.124 no later than the first day of the fifth quarter following
the date on which its average total consolidated assets equal or exceed
$100 billion.
(2) Changes in requirements following a change in
category. A covered savings and loan holding company with average
total consolidated assets of $100 billion or more that changes from
one category of covered savings and loan holding company described
in section 238.10(b) through (d) to another such category must comply
with the requirements applicable to the new category no later than
on the first day of the second calendar quarter following the change
in the covered savings and loan holding company’s category.
(b) Cessation of requirements. A
covered savings and loan holding company is subject to the risk-management
and risk committee requirements set forth in section 238.122 and the
liquidity risk-management and liquidity stress test requirements set
forth in sections 238.123 and 238.124 until its total consolidated
assets are below $100 billion for each of four consecutive calendar
quarters.
