; and (ii) shall not conduct the operations of the covered industrial bank holding company in an unsafe or unsound manner. (B) Implementation The appropriate Federal supervisory agency of a covered industrial bank holding company shall implement the requirements under subparagraph (A) with respect to that industrial bank holding company. (h) Foreign bank ownership After October 1, 2019, no foreign bank may acquire, directly or indirectly, control of an industrial bank. (i) Administrative provisions (1) Agent for service of process The Board may require any covered industrial bank holding company, or persons connected with the covered industrial bank holding company if it is not a corporation, to execute and file a prescribed form of irrevocable appointment of agent for service of process. (2) Release from registration The Board may at any time, upon a motion by the Board or upon application, release a registered covered industrial bank holding company from any registration previously made by the covered industrial bank holding company, if the Board determines that the covered industrial bank holding company no longer controls any industrial bank. (j) Definition In this section: (1) Appropriate federal supervisory agency The term appropriate Federal supervisory agency means, with respect to a company that controls an industrial bank— (A) the Board, in the case of a company that is a bank holding company, a company that is a covered industrial bank holding company, a company that is a savings and loan holding company, or a company that is subject to this Act pursuant to section 8(a) of the International Banking Act of 1978 (12 U.S.C. 3106(a))