Part 239 - Reg MM - Mutual Holding Companies
Fulfill Your Reg MM Regulation Requirements
Regulation MM is issued by the Board of Governors of the Federal Reserve System under section 10(g) and (o) of the Home Owners' Loan Act.
Except as the Board may otherwise determine, the reorganization of mutual savings associations into mutual holding companies, any related stock issuances by subsidiary holding companies, and the conversion of mutual holding companies into stock form are exclusively governed by the provisions of Regulation MM. The principal purposes of Regulation MM are to:
- Regulate the reorganization of mutual savings associations to mutual holding companies and the creation of subsidiary holding companies of mutual holding companies;
- Define and regulate the operations of mutual holding companies and subsidiary holding companies of mutual holding companies; and
- Set forth the procedures for securing approval for these transactions.