"FINDER" ROLE PERMISSIBLE ACTIVITY FOR FINANCIAL HOLDING COMPANIES.The Federal Reserve Board on December 19, 2000, after consulting with the Secretary of the Treasury, has determined by rule that acting as a "finder The part of the Macintosh operating system that gives it the Mac "look and feel." It also provides file management (copy, delete, rename files) and control of the desktop icons, windows, Clipboard and Scrapbook as well as the application startup interface. The Finder resides in the System folder. See MultiFinder." is an activity that is incidental to a financial activity and therefore a permissible activity for a financial holding company. The Board's final rule provides that a finder may act through any means to bring together buyers and sellers of products and services for transactions that the parties themselves negotiate and consummate. Among other things, a finder may host an Internet marketplace consisting of links to the web sites of buyers and sellers. A finder also may operate a web site that allows buyers and sellers to post information concerning products and services and to enter into transactions among themselves. The rule, approved by the Board on December 13, 2000, is effective thirty days after publication in the Federal Register. |
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