16.2—Definitions.
For purposes of this part, the following definitions apply:
(b)
Bank means an existing national bank, a national bank in organization, or a Federal branch or agency of a foreign bank.
(c)
Commission means the Securities and Exchange Commission. When used in the rules, regulations, or forms of the Commission referred to in this part, the term “Commission” shall be deemed to refer to the OCC.
(f)
Insured depository institution means the same as in section 3(c)(2) of the Federal Deposit Insurance Act (12 U.S.C. 1813(c)(2) ).
(g)
Investment grade means that a security is rated investment grade (i.e., in one of the top four rating categories) by each nationally recognized statistical rating organization that has rated the security.
(i)
Nonconvertible debt means a general obligation of the bank, whether senior or subordinated, that is not convertible into any class of common or preferred stock or any derivative thereof.
(k)
Person means the same as in section 2(2) of the Securities Act (15 U.S.C. 77b(2)) and includes a bank.
(l)
Prospectus means an offering document that includes the information required by section 10(a) of the Securities Act (15 U.S.C. 77j(a) ).
(m)
Registration statement means a filing that includes the prospectus and other information required by section 7 of the Securities Act (15 U.S.C. 77g ).
(n)
Sale, sell, offer to sell, offer for sale, and offer mean the same as in section 2(3) of the Securities Act (15 U.S.C. 77b(3) ).
(q)
Underwriter means the same as in section 2(11) of the Securities Act (15 U.S.C. 77b(11) ). Commission Rules 137, 140, 141, 142, and 144 ( 17 CFR 230.137, 230.140, 230.141, 230.142, and 230.144) (which apply to section 2(11) of the Securities Act) apply to this part.