Datatreasury Corporation v. Wells Fargo & Company et al

Filing 210

RESPONSE to Motion re #85 MOTION to Dismiss for Lack of Jurisdiction (HSBC NA) filed by Datatreasury Corporation. (Attachments: #1 Exhibit #2 Exhibit #3 Exhibit #4 Exhibit #5 Exhibit #6 Exhibit #7 Exhibit #8 Exhibit #9 Text of Proposed Order)(Bruster, Anthony)

Datatreasury Corporation v. Wells Fargo & Company et al

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2 0 - F I b784883-20f.htm

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on A s liled with th Scurities Exchange and Commission March 4,2005.

S E C U R I T I E SAND EXCHANGE COMMISSION
WASHTNGTON, D.C. 20549

FORM2O-F
tr REGISTRATIoN STATEMENT PURSUANT SECTIoNI2(b) OR 12(g)OFTHE To SECURITIES EXCHANGE ACT OF 1934 or E ANNUALREpoRTPITRSUANT sEcrroN 13oR l5(d) oF THE To DecemberI, 2004 3 EXCHANGE ACT OF 1934 thefiscalyearended for SECURITIES

N TRANSITIoNRTPoRTPURSUANT sEcTIoN 13oR 15(d)oF THE To SECUR]TIES EXCHANCE OF 1934 ACT
periodfromN/A loN A f o r f i e transilion l-14930 C o m m i s s i ofile number: n

IISBC Holdingsplc
@x8ct name of Registrant as spcifid in its ch.rter)

N/A (Translatioof Registrant's n into name Englhh)

U n i t e d Kingdom (Jurisdictionof incorporationor organisation)

8 CanadaSquare London El4 5HQ United Kingdom (Addrcssof principal executiveoffices) registered to be registered pursuantto Section12(b)ofthe Secudties Exchange Act of 1934: Secudties or T i t l e ofeachclass Ordinary Shars, noninal value US$0.50each. on Nameof eachexchange which reqistered London StockExchange Hong Kong StockExchange EuronxtParis BermudaStockExchange New Yo* StockExchange

AmericanDepositoryShares, eachrepresenting Ordinary 5 Shates ofnominalvalueUS$0.50 each.

Scurities rgistered to be registrd pursuantio Sectionl2(g) ofthe Secudties Exchange of 1934: Act or

h t t p : / / w w wsec. . gov/Archives/edgar/data/ 13/000102123105000191/b784883-2of.htn 10891 61912006

Dockets.Justia.com

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Securitiesfor which thereis a repodng obti8alion pursuant!o Sectionl5(d) ofthe Secudtis Exchange of 1934: Act

The numberof outstanding shares ofeach ofthe issuer'sclasses capitalor commonstockasofDcember31, 2004was: of Ordinary Shares, nominal valueUS$0.50each

l t , 1 7 2 , 05,550 7

Indicateby checkmark whetherthe registrani(l) hasfiled all repoft requnedb be filed by Sction13 or l5(d) oftle Securities Exchange of 1934during the Fecediry 12months(or for suchshorterpedod that ihe registra.nt requircd Act was to file suchreports),and (2) hasbeensubjectto suchfiling requirements the past90 days. for

Y e sE

NoB

Indicateby checkmalk which financial statements Ilem the registranthaselectedto follow:

I t e m17n

I t e m 18 |X

http://www.sec.gov/Archives/edgar/data./10891 13/000102123105000191/b784883-2othtm 6/9/2006

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Back to Contents
HSBC HOLDINGSPLC

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G o v e r n a n c e ,Regulationand Supervision(continued)

The MonetaryAuthority may revokeauthorisation in the eventof an institutions non-compliance with th p r o v i s i o o ofrhe Banking s prous'ons Ordinance. These require,amongotherthings,the tumhhine of accurate

The Banking Ordinancerequhesthat bankssubmitto the MonetaryAuthority certainretumsandother infonnation andestablishes certainminimum standards and (seebelow), liquidity, ratiosrel&tingto capital adequacy capitalisation, limitations on shareholdings, exposure any to one customer. unsecured advances Dersons to affiliated with the banl(andholdingsofinterests in land,with which banks must comply. Hong Kong fully implemented capitaladequacy the standards established the BaselAccord in 1989.The by BanldngOrdinancecurently Fovides that bank incor?orated Hong Kong maintaina capital adequacy in ratio (calculatedasthe mtio, expressed a percentage, as of its capital baseto its risk-weightedexposuro ofat least8 per cent.For bankswith subsidiades, Monetary the Authodty is empowered requirethat ihe ratio be to calculated a consolidated on basis.or on both consolidated andunconsolidaxed bases, Ifcircumstancesrcquire,the MoneraD Aulhoriry empo\eredLoincrease mmimum is Lhe capitaladequacy ratio (to up to 12 per cntfor tullylicen.ed banks and l6 percentfor deposit-taking companies andrestrictedlicencebanks).aftr consultation with the bank. The narketing of dealinein andprovision of advice andassetmanagement servicesin relation to securitiesin Hong Kong ar subjectto the provisionsofthe Secwities andFutues OrdinancofHong Kong (Chapter571) (the ' S e c u r i r i eandFurures s Ordinance EntiLies engaging in ). activitiesregulatedby the Scurities FuturesOrdinance and arerequiredto be licensed. The MontaryAuthority is the primary regulatorfor banls involved in the scurities whilerhSecuriries futuresCommtsionis business, and the regulatorfor non-bankingentities. U S regulatlon and supefiision H S B Cis subject exrensive to federal srale and supervhion and regulationin the US. Banking laws andregulationsof the FederalReserve Board,the FederalDepositInswance Corporation('FDIC') andthe Ofice ofthe Cornptrollerof

CompanyAct of 1956(the 'BHCA') as a result ofits ownership ofHSBC BankUSA.HSBCBankUSA is a nalionally-chartered commercialbank anda memberofthe FedemlReserve Systen. HSBC Bank USA is th surviving institution ofthe I July 2004 mqger of HSBC Bank USA aIIdHSBC Bank & Trust (Delaware)N.A. HSBC alsoowns H o u s e h o lBanh(SB),N.A. ('Household d Bank'),a nationally chaterd 'credit cardbant' which is also a memberofthe FdemlReserv System. Both HSBC Bant U S A andHousehold Bankale subject reg!'ation. to supervision examination the OCC.The deposits and by of HSBC BanhUSA andHouseholdBa* are insuredby the FDIC andboth banksare subjectto relevantFDIC regulation.On I January2004,HSBC formeda new companyto hold all of its North Americanoperations, including thesetwo banks.This company, calledHSBC North America Holdings Inc. ('HNAH') is alsoa 'bank holding company' ; underthe BHCA, by vimre of its ownershipand control ofHSBC Bairk USA. The BHCA andthe IntemationalBankingAct of 1978 ('IBA') imposecefiain limits andrequircments the US on activities andinvestments ofHSBC, HNAH, andcertain companies which they hold direct or indircct investrnents. in HSBC is also a 'qualrying foreign bankingorganisation' Boardregulations, as such,rnay and underFederalReserve engage within the United Statesin certainlimitd nonbankingactivitiesandhold cedain investnentsthat would otherwisenot be pemissible underUS law. Prior to 13 March 2000,the BHCA generallyprohibitdHSBC ftom acquiring,dircctly or indirectly, o\rrership or control of morthan 5 per cent ofthe voting shares ofany company engaged the US in activitiesotherthanbanling and in certainaclivities closelyrelatedto banking.On that date HSBC became financialholding company('FHC') under a Act the Gramm-Leach-Bliley ('GLBA') amendnertsto the BHCA, enablingit to offer a more complteline of financialproductsaird services. Upon its fomation, HNSH alsorcgistredas an FHC. HSBC andHNAH'S ability to engage expanded in financial activitiesasFHCSdepend upon HSBC andHNAH continuingto meet certaincdteria set forth in the BHCA, including requirenentsthat its US HSBC Banl USA and depositoryinstitution subsidiaris, H o u s e h o lBanl(, d be'w11-capitalised' a.nd'well-na.naged', andthat suchinstitutionshaveachieved leasta at recordin meetingcornmunitycredit needs satisfactory pusuant to the dur;ig thef most recentexaminations Comnunity Reinvestment Act, Theserequirements a.lso apply to Welts FargoHSBC TradeBaDk N.A., in which HSBC andHNAH havea 20 per centvoting interestin equity capitaland a 40 per cent

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('OCC') govem Currency manyaspects ofHSBC'sUS business. HSBC and its US oprations subjectto supewision, are rcgulation andexamination the FederalRserve by Board because HSBC is a bank holding companyundrthe US Bank Holding

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