Consumer Products and Financial Services Equity Act of 1986

[AI summary unavailable — showing source text] Consumer Products and Financial Services Equity Act of 1986 - Title I: Depository Institution Holding Company Securities Subsidiaries - Amends the Bank Holding Company Act of 1956 and the National Housing Act to permit a bank holding company or a multiple savings and loan holding company to acquire a securities subsidiary the formation or acquisition of which by the holding company has been approved by the Board of Governors of the Federal Reserve System (Board) or the Federal Savings and Loan Insurance Corporation (FSLIC), respectively. Defines a securities subsidiary as any company which is a subsidiary of a holding company and which is authorized to conduct business as a securities broker, dealer, or underwriter, an investment company, or an investment adviser. Prohibits a holding company from establishing a securities subsidiary unless it provides advance written notice to, and obtains the approval of, the Board or FSLIC. Limits the securities activities of such a subsidiary. Provides for the termination of a holding company's control of a securities subsidiary if: (1) the subsidiary engages in unauthorized securities activities; (2) the Board or FSLIC determines that continued…