DFI-SB 19.07DFI-SB 19.07 Disclosure. Any published financial statement of a financial institution that controls a financial subsidiary shall separately present financial information for the financial institution in the manner proved in s. DFI-SB 19.06.

DFI-SB 19.08DFI-SB 19.08 Safeguards for the financial institution. A financial institution that establishes or maintains a financial subsidiary shall ensure the following:

DFI-SB 19.08(1)(1) The procedures of the financial institution for identifying and managing financial and operational risk within the financial institution and the financial subsidiary adequately protect the financial institution from such risk; and

DFI-SB 19.08(2)(2) The financial institution has, for the protection of the financial institution, reasonable policies and procedures to preserve the separate corporate identity and limited liability of the financial institution and the financial subsidiaries of the financial institution.

DFI-SB 19.09DFI-SB 19.09 Affiliate requirements. The financial institution shall comply with the requirements of 12 USC 371c.

DFI-SB 19.10DFI-SB 19.10 Preservation of existing subsidiaries. Notwithstanding the provisions of this chapter, a financial institution may retain control of a subsidiary or retain an interest in a subsidiary that the financial institution lawfully controlled or acquired before November 1, 2000, and conduct through such subsidiary any activities lawfully conducted in such subsidiary as of such date. Furthermore, no provision of this chapter shall be construed as superseding the authority for financial institutions to conduct operations through subsidiaries under ch. DFI-SB 15.

DFI-SB 19.11DFI-SB 19.11 Examination and supervision. Each financial subsidiary shall be subject to examination and supervision by the division in the same manner and to the extent as the financial institution.

DFI-SB 19.12DFI-SB 19.12 Report of disposition of financial subsidiary. At least 30 days prior to disposition of a financial subsidiary, the financial institution shall inform the division by letter of the terms of the transaction.