Sec. 2.2. Definitions

For purposes of this Supervisory Policy:

(a) affiliate means any company that controls, is controlled by or is under common control with such foreign banking corporation;

(b) banking institution means any entity authorized by its charter to accept deposits and to make loans;

(c) control means the direct or indirect ownership, holding or control with power to vote of 25 percent or more of any class of voting stock or the ability to elect a majority of the directors of a company;

(d) foreign banking corporation means any banking institution organized under the laws of any jurisdiction other than the United States, any state of the United States, the District of Columbia, any territory of the United States or Puerto Rico; and

(e) regional administrative office means any representative office of a foreign banking corporation that:

(1) is established by a foreign banking corporation that operates one or more branches, agencies, article XII investment companies or banks in this State;

(2) is located in the same city as, but not on the same or contiguous premises (unless held out by the foreign banking corporation or determined by the superintendent to be a separate office) of, one or more of the foreign banking corporation's branches, agencies, article XII investment companies or banks in this State; and

(3) manages, supervises or coordinates the operations of the foreign bank or its affiliates, if any, in a particular geographic region; and

(f) representative office means any place of business located in this State of a foreign banking corporation other than a branch or agency, and any place of business located in this State of an affiliate of a foreign banking corporation that engages in representational functions (including, but not limited to, soliciting business, marketing services or acting as liaison with customers other than as an accommodation to customers of such affiliate) on behalf of the foreign banking corporation in connection with its banking activities; including a place of business in this State of a foreign banking corporation at which location the foreign banking corporation engages solely in limited administrative functions in connection with its banking activities that do not involve contact or liaison with customers or potential customers (such as back office support systems).