What is a "related interest"?

Regulation O defines the term "related interest" as a partnership, company, trust or other enterprise that is controlled by a person or enterprise, or a political or campaign committee that is controlled by, or the funds or services of which will benefit, a person or enterprise. A person or enterprise is deemed to have control over a company or a bank if that person or enterprise, directly or indirectly, or acting through or in concert with one or more persons (i) owns, controls or has the power to vote 25 percent or more of any class of voting securities of a company or a bank, (ii) controls in
any manner the election of a majority of the directors of a company or bank or (iii) has the power to exercise a controlling influence over the management or policies of a company or bank.

-----------------------------
Learn more about Jack and Kelly’s webinar Reg O – Insider Lending