(a) General applicability. A foreign banking organization with average total consolidated assets
of at least $50 billion but less than $100 billion must comply with
the risk-committee requirements set forth in this subpart beginning
on the first day of the ninth quarter following the date on which
its average total consolidated assets equal or exceed $50 billion.
(b) Cessation of requirements. A foreign banking organization will remain subject to the risk-committee
requirements of this section until the earlier of the date on which:
(1) Its total consolidated
assets are below $50 billion for each of four consecutive calendar
quarters; and
(2) It becomes subject
to the requirements of subpart N or subpart O of this part.
