Form FB101 Annex D Application Certificate of Foreign Banking Corporation for a License to Establish and Maintain a Branch or Agency in the State of New York - New York

What Is Form FB101 Annex D?

This is a legal form that was released by the New York State Department of Financial Services - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the Form FB101 Annex D?
A: Form FB101 Annex D is an application certificate for a foreign banking corporation to obtain a license to establish and maintain a branch or agency in the state of New York, specifically in New York City.

Q: Who can use Form FB101 Annex D?
A: Foreign banking corporations that wish to establish and maintain a branch or agency in the state of New York can use Form FB101 Annex D.

Q: What is the purpose of Form FB101 Annex D?
A: The purpose of Form FB101 Annex D is to apply for a license to establish and maintain a branch or agency in the state of New York, allowing foreign banking corporations to conduct business in the state.

Q: Do I need to submit any supporting documents with Form FB101 Annex D?
A: Yes, you will need to submit various supporting documents along with Form FB101 Annex D, including financial statements, corporate governance information, and a business plan.

Q: What is the processing time for Form FB101 Annex D?
A: The processing time for Form FB101 Annex D can vary, but typically it takes several months for the application to be reviewed and a decision to be made.

Q: Are there any fees associated with Form FB101 Annex D?
A: Yes, there are fees associated with Form FB101 Annex D, including an application fee and an annual assessment fee.

Q: Can a foreign banking corporation establish multiple branches or agencies in the state of New York using Form FB101 Annex D?
A: Yes, a foreign banking corporation can establish multiple branches or agencies in the state of New York using Form FB101 Annex D, but a separate application must be submitted for each branch or agency.

Q: What are the requirements for eligibility to use Form FB101 Annex D?
A: To be eligible to use Form FB101 Annex D, a foreign banking corporation must meet certain requirements, including being subject to comprehensive supervision or regulation by a foreign banking authority and having a home country regulator that has signed a memorandum of understanding with the NYDFS.

Q: Can a local US bank use Form FB101 Annex D?
A: No, Form FB101 Annex D is specifically designed for foreign banking corporations wishing to establish and maintain a branch or agency in the state of New York. Local US banks have a different application process.