Overview
Some regulations apply differently to different types of investors. For example, the Bank Holding Company Act restrictions apply differently to investors that are themselves designated as Bank Holding Companies or Financial Holding Companies. In that specific case, additional restrictions apply.
FundApps distinguishes between the various applications for specific regulations via the portfolio property CompanyType. It is an important property to set as it determines which set of rules will run against the uploaded positions. Please note that it is possible to have more than one CompanyType set for a given entity.
The determination of which rules to run happens in the precondition of a rule, where the value of the CompanyType property is used as the input.
FundApps assumes that the company types apply to your group in a simple and standard way. If your group has complexities and you'd like to discuss them further, please reach out to your CSM or FundApps Support.
Rule Preconditions
Some rules use preconditions to determine whether or not to run based on the CompanyType designation. Any preconditions will be displayed under its Precondition parameters.
Valid Input Values for CompanyType
Please find below a description of the valid CompanyType values and their impact on setting these.
US-BHC - US Bank Holding Company
Relevant to the Bank Holding Company Act Rules. To be considered for Top-Level Entity. Applies if the entity is designated as a Bank Holding Company per 12 USC § 1841(a).
US-FHC - US Financial Holding Company
Relevant to the Bank Holding Company Act Rules. To be considered for Top-Level Entity. Applies if the entity is designated as a Financial Holding Company per 12 USC § 1841(p).