QFBO

AcronymDefinition
QFBOQualifying Foreign Banking Organization
References in periodicals archive ?
Accordingly, Manulife is not eligible under section 211.23(c) of Regulation K for the exemptions avail-able to a qualifying foreign banking organization ("QFBO").
A commenter opposing Manulife's request for eligibility for the QFBO exemptions asserted that Manulife does not meet the definition of a foreign banking organization on technical grounds.
The exemptions are available to "qualifying foreign banking organizations" (QFBOs).