"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 finder, in law. Ordinarily the finder of lost property is entitled to retain it against anyone except the owner. It is larceny, however, for the finder to keep the property if he knows or can easily determine who owns it. " is an activity that is incidental Contingent upon or pertaining to something that is more important; that which is necessary, appertaining to, or depending upon another known as the principal. Under Workers' Compensation statutes, a risk is deemed incidental to employment when it is related to whatever a to a financial activity and therefore a permissible per·mis·si·ble adj. Permitted; allowable: permissible tax deductions; permissible behavior in school. per·mis 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 See vertical portal and Web hub. 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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