5 Del. Admin. Code § 704-2.0 - Contents of Notice

The notice required by the first sentence of section 1.0 shall include the following information:

2.1 The corporate name of the subsidiary and, if different, the name in which it will conduct business.

2.2 The address location of the office of the subsidiary.

2.3 The amount of capital which the subsidiary will have upon acquisition or commencement of operations.

2.4 The name, address, age and current business occupation of the proposed directors and officers of the subsidiary.

2.5 A description of the proposed activities of the subsidiary including the specific type of securities which will be underwritten by the subsidiary.

2.6 The amount of outstanding capital stock of the subsidiary to be owned by the bank or bank and trust company.

2.6.1 The notice required by section 1.0 shall also contain the written undertaking of the bank or bank and trust company to operate the subsidiary in accordance with all existing applicable laws and regulations, including the regulations, if applicable, of the Federal Deposit Insurance Corporation and the Securities and Exchange Commission, and such supplemental regulations as may be issued from time to time by the Commissioner.

Notes

5 Del. Admin. Code § 704-2.0