; and (II) is in the public interest. (iii) Extension An appropriate Federal banking agency may extend the 5-year period described in clause (i) upon the request of a covered insured depository institution described in clause (i) for a period of not more than 6 months for each request received, if— (I) the appropriate Federal banking agency certifies that an extension would promote the public interest and would not pose a significant threat to the stability of the banking system or financial markets in the United States; and (II) any extensions granted under this clause, in the aggregate, do not exceed 1 year for any particular covered insured depository institution. (iv) Requirements for entities receiving an extension Upon receipt of each extension under clause (iii), the covered insured depository institution shall notify shareholders of the covered insured depository institution and the general public that it failed to comply with the requirements of clause (i). (D) Definitions For purposes of this paragraph, the following definitions shall apply: (i) Covered insured depository institution The term covered insured depository institution — (I) has the meaning given the term in section 3(c)(2); and (II) does not include a savings association controlled by a savings and loan holding company, as described in section 10(c)(9)(C) of the Home Owners' Loan Act ( 12 U.S.C. 1467a(c)(9)(C) ). (ii) Insurance company The term insurance company has the meaning given the term in section 2(q) of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1841(q) ). (iii) Securities entity The term securities entity — (I) includes any entity engaged in— (aa) the issuance, flotation, underwriting, public sale, or distribution of stocks, bonds, debentures, notes, or other securities; (bb) market making; (cc) activities of a broker or dealer, as those terms are defined in section 3(a) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) ); (dd) activities of a futures commission merchant