Page:United States Statutes at Large Volume 113 Part 2.djvu/343

 PUBLIC LAW 106-102—NOV. 12, 1999 113 STAT. 1363 "(ii) compli£ince by the company or subsidiary with applicable provisions of this Act or any other Federal law that the Board has specific jurisdiction to enforce against such company or subsidiary. "(B) USE OF EXISTING REPORTS.— "(i) IN GENERAL.—For purposes of compliance with this paragraph, the Board shall, to the fullest extent possible, accept— "(I) reports that a bank holding company or any subsidiary of such company has provided or been required to provide to other Federal or State ^ supervisors or to appropriate self-regulatory organizations; "(II) information that is otherwise required to be reported publicly; and "(III) externally audited financial statements. "(ii) AVAILABILITY. —^A bank holding company or a subsidiary of such company shall provide to the Board, at the request of the Board, a report referred to in clause (i). "(iii) REPORTS FILED WITH OTHER AGENCIES.— "(I) IN GENERAL.—In the event that the Board requires a report under this subsection from a functionally regulated subsidisiry of a bank holding company of a kind that is not required by another Federal or State regulatory authority or an appropriate self-regulatory organization, the Board shall first request that the appropriate regulatory authority or self-regulatory organization obtain .."^ such report. " (II) AVAILABILITY FROM OTHER SUBSIDIARY. — If the report is not made available to the Board, and the report is necessary to assess a material risk to the bank holding company or any of its depository institution subsidiaries or compliance with this Act or any other Federal law that the Board has specific jurisdiction to enforce against '••^i y such company or subsidiary or the systems described in paragraph (2)(A)(ii)(II), the Board may require such functionally regulated subsidiary to provide such a report to the Board. "(2) EXAMINATIONS.— " (A) EXAMINATION AUTHORITY FOR BANK HOLDING COMPANIES AND SUBSIDIARIES.—Subject to subparagraph (B), the Board may make examinations of each bank holding company and each subsidiary of such holding company in order— "(i) to inform the Board of the nature of the operations and financial condition of the holding company and such subsidiaries; "(ii) to inform the Board of— - "(I) the financial and operational risks within the holding company system that may pose a threat to the safety and soundness of any depository institution subsidiary of such holding company; and

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