Recorded Delivery suhagraat manane ka tarika islamic Under the Gramm-Leach-Bliley amendment to the BHC, anynon-regulated bank that converts to holding company status after1999 would be allowed to continue to own and invest in assets,as long as they held them prior to 1997. The banks have arguedthat their activities are "grandfathered" in, or that they aresimply merchant banking investments.