Sections 20 and 32 meant such a bank could not own ( directly or through the same bank holding company ) a company “ engaged primarily in ” such underwriting or other securities activities nor have any director or employee that was also a director or employee of such a company.

This difference ( which would later be termed a “ loophole ”) provided the justification for the “ long demise of Glass-Steagall ” through regulatory actions that largely negated the practical significance of Sections 20 and 32 before they were repealed by the GLBA.

While the need to create a legal framework for existing bank securities activities became a dominant theme for the “ financial modernization ” legislation supported by Leach, Rubin, Volcker, and others, after the GLBA repealed Glass-Steagall Sections 20 and 32 in 1999, commentators identified four main arguments for repeal: ( 1 ) increased economies of scale and scope, ( 2 ) reduced risk through diversification of activities, ( 3 ) greater convenience and lower cost for consumers, and ( 4 ) improved ability of U. S. financial firms to compete with foreign firms.

Carl Felsenfeld and David L. Glass wrote that “ he public — which for this purpose includes most of the members of Congress ” does not understand that the investment banks and other “ shadow banking ” firms that experienced “ runs ” precipitating the financial crisis ( i. e., AIG, Bear Stearns, Lehman Brothers, and Merrill Lynch ) never became “ financial holding companies ” under the GLBA and, therefore, never exercised any new powers available through Glass-Steagall “ repeal .” They joined Jonathan R. Macey and Peter J. Wallison in noting many GLBA critics do not understand that Glass-Steagall ’ s restrictions on banks ( i. e., Sections 16 and 21 ) remained in effect and that only the affiliation provisions in Sections 20 and 32 were repealed by the GLBA.

* Alcemist – Hermeticist esoteric thinker Robert Fludd begins the publication of his life's work, the Utriusque Cosmi ... Historia, which in future years proliferates through multiple published Volumes, Tractates, Sections, and Portions, only to remain incomplete at the time of Fludd's death two decades later.

Sections Five through Eight begin the actual guide to treatment.

Sections of the highway through Sydney's suburbs continue to be also known by its former names of Liverpool Road, Sydney Road and Copeland Street ( through Liverpool ).

The Governor of Hawaii is the chief executive of the state of Hawaii and its various agencies and departments, as provided in the Hawaii State Constitution Article V, Sections 1 through 6.

During this time, SAE emphasized the importance of developing member activity through local chapters-called Sections.

The third chapter of the Fijian Constitution, comprising Sections 8 through 20 of the Constitution, set out the rules for citizenship in Fiji.

Fiji's Bill of Rights covers Sections 21 through 43 of the Constitution.

Sections 30 through 39 set out personal and communal freedoms.

Sections 41 through 43 deal with matters concerning the enforcement of the Bill of Rights, and its interpretation.

Sections 47 through 49 deal with the relative powers of the two houses of Parliament with respect to the passage of bills.

Part 2 of Chapter 6, comprising Sections 50 through 63, establishes the House of Representatives, commonly called the " Lower House " of the Parliament.

Sections 50 through 54 deal with the composition of the House.

Sections 55 through 58 prescribe the qualifications a person must have, to be an elector for the House of Representatives.

Sections 59 through 63 set the term of the House of Representatives at a maximum of five years.

Part 3 of Chapter 6, comprising Sections 64 through 66, establishes the Senate, or " Lower House ," of the Fijian Parliament.

Part 4 of Chapter 6, comprising Sections 67 through 74, lays down miscellaneous rules applicable to both houses of Parliament.

Part 5 of Chapter 6, comprising Sections 75 through 84, establishes several institutions and offices of the Parliament, or pertaining to the parliament.

Sections 75 through 77 establish the Constituency Boundaries Commission, which is empowered to determine the boundaries of electoral districts.

Part 1 of Chapter 7, comprising Sections 85 through 88, establishes the offices of President and Vice-President and briefly summarizes their functions and responsibilities, on which the remainder of the chapter elaborates.

* Sections 145 – 152 ( includes 149A ) — From the presidency of W. Wallace Smith ( 1958 – 1978 )

The pertinent sections of the FAR ( 14 CFR Sections 91. 137, 91. 138, 91. 139, 91. 141, 91. 143, 91. 145, 99. 7 ) describe Temporary Flight Restrictions ( TFR ).

Sections III to VI ( Propositions 11-31 ) establish properties of motion in paths of eccentric conic-section form including ellipses, and their relation with inverse-square central forces directed to a focus, and include Newton's theorem about ovals ( lemma 28 ).

Other provisions of the 1933 Banking Act that remain in effect include ( 1 ) Sections 5 ( c ) and 27, which required state member banks to provide the Federal Reserve Board and national banks to provide the Comptroller of the Currency reports on their affiliates ;( 2 ) Section 13, which ( as Section 23A of the Federal Reserve Act ) regulated transactions between Federal Reserve member banks and their nonbank affiliates ; ( 3 ) Sections 19 and 30, which established criminal penalties for misconduct by officers or directors of Federal Reserve System member banks and authorized the Federal Reserve to remove such officers or directors ;( 4 ) Section 22, which eliminated personal liability (“ double liability ”) for new shareholders of national banks ; and ( 5 ) Section 23, which gave national banks the same ability to establish branches in their “ home state ” as state chartered banks in that state.

Sections 113 and 114 establish the offices of Solicitor-General and Director of Public Prosecutions.

Sections 166 and 167 establish the Auditor-General's office, and define its powers and duties.

To accomplish this “ comprehensive regulation ”, the proposed legislation would repeal many of the provisions of the CFMA, including all of the exclusions and exemptions discussed in Sections 4 above that have been identified as the “ Enron Loophole .” While the proposed legislation would generally retain the “ legal certainty ” provisions of the CFMA, it would establish new requirements for parties dealing in non -“ standardized ” OTC derivatives and would require that “ standardized ” OTC derivatives be traded through a regulated trading facility and cleared through regulated central clearing.

Sections may establish the requirements for obtaining permits and specific precautions required to remain in compliance with a permit.

Part 5 of the Penal Code ( Sections 15001-15003 ) consists of only two sections authorizing the California Peace Officers Memorial Foundation to establish and maintain a memorial to peace officers on the grounds of the state Capitol with private funds.

Sections 122. 3 and 132 establish conditions for employees with a special needs and pregnant and nursing employees.

Many argue that the author of the book must have been a companion of the Apostle Paul, because of several passages in Acts written in the first person plural ( known as the We Sections ).

The first three books of this treatise were translated into English and, several times, printed as The Elements of the Conic Sections.

Tralles in particular produced several treatises on the Natural Sciences, as well as his other forays into mathematics such as Conic Sections.

Sections of straight steel tube were welded together before being wound like a thread onto a huge drum-called HMS Conundrum, which was towed across the Channel several times to lay the network of pipes required.

Sections Bromopsis, Neobromus, and Ceratochloa have several native species in North America.

Sections of the line are being actively restored by several different groups.

Sections of the Wicklow Way are also used by several National Looped Walks: the Maulin Mountain Loop and the Ballycumber, Kyle, and Mangan's Loops near Tinahely.

Sections of intact road that have been excavated in several places show a variety of local materials, with the agger often being constructed of alternating layers of sand and gravel paved with large flint nodules, or sandstone, surfaced with smaller flint or sand and gravel.

Many on campus refer to it as " The Sections " because several suited are grouped in a particular section marked by a letter.