Sec 102 - Activities of Financial Holding Companies

Section 102 of the Gramm-Leach-Bliley Act outlines the permissible activities of financial holding companies, specifying the range of banking, securities, and insurance services they may own or control, and establishing supervisory requirements for the Federal Reserve to ensure safety, soundness, and compliance with consumer privacy standards. This provision sets the regulatory framework for how holding companies can expand and operate across multiple financial sectors.