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PUBLIC LAW 111–203—JULY 21, 2010 124 STAT. 1403

SEC. 114. REGISTRATION OF NONBANK FINANCIAL COMPANIES SUPER- 12 USC 5324.
VISED BY THE BOARD OF GOVERNORS.
Not later than 180 days after the date of a final Council Deadline.
determination under section 113 that a nonbank financial company
is to be supervised by the Board of Governors, such company
shall register with the Board of Governors, on forms prescribed
by the Board of Governors, which shall include such information
as the Board of Governors, in consultation with the Council, may
deem necessary or appropriate to carry out this title.

SEC. 115. ENHANCED SUPERVISION AND PRUDENTIAL STANDARDS 12 USC 5325.
FOR NONBANK FINANCIAL COMPANIES SUPERVISED BY
THE BOARD OF GOVERNORS AND CERTAIN BANK HOLDING
COMPANIES.
(a) IN GENERAL.—
(1) PURPOSE.—In order to prevent or mitigate risks to
the financial stability of the United States that could arise
from the material financial distress, failure, or ongoing activi-
ties of large, interconnected financial institutions, the Council
may make recommendations to the Board of Governors con-
cerning the establishment and refinement of prudential stand-
ards and reporting and disclosure requirements applicable to
nonbank financial companies supervised by the Board of Gov-
ernors and large, interconnected bank holding companies,
that—
(A) are more stringent than those applicable to other
nonbank financial companies and bank holding companies
that do not present similar risks to the financial stability
of the United States; and
(B) increase in stringency, based on the considerations
identified in subsection (b)(3).
(2) RECOMMENDED APPLICATION OF REQUIRED STANDARDS.—
In making recommendations under this section, the Council
may—
(A) differentiate among companies that are subject to
heightened standards on an individual basis or by category,
taking into consideration their capital structure, riskiness,
complexity, financial activities (including the financial
activities of their subsidiaries), size, and any other risk-
related factors that the Council deems appropriate; or
(B) recommend an asset threshold that is higher than
$50,000,000,000 for the application of any standard
described in subsections (c) through (g).
(b) DEVELOPMENT OF PRUDENTIAL STANDARDS.—
(1) IN GENERAL.—The recommendations of the Council
under subsection (a) may include—
(A) risk-based capital requirements;
(B) leverage limits;
(C) liquidity requirements;
(D) resolution plan and credit exposure report require-
ments;
(E) concentration limits;
(F) a contingent capital requirement;

LAWS (G) enhanced public disclosures; (H) short-term debt limits; and (I) overall risk management requirements.PUBLIC with on anorris VerDate Nov 24 2008 00:54 Jul 29, 2010 Jkt 089139 PO 00203 Frm 00029 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 GPO1 PsN: PUBL203