Business Trusts and Regulation W: Yes, They Are Companies

While a sole proprietorship is not a company under Regulation W, the analysis is different for trusts established for a business purpose. An ESOP, pension plan, or other business trust qualifies as a “company” for purposes of Regulation W. This means that if a business trust meets the definition of an affiliate under 12 CFR … Continue reading “Business Trusts and Regulation W: Yes, They Are Companies”