|Title:||Supervisory Committee Audits and Verifications|
The National Credit Union Administration (NCUA) Board proposes to amend its regulations governing the responsibilities of a federally insured credit union (FICU) to obtain an annual supervisory committee audit of the credit union. The proposal implements recommendations outlined in the agency’s Regulatory Reform Task Force’s Regulatory Reform Agenda and will provide additional flexibility to FICUs.
|Date proposed:||February 14, 2019|
|Comments due date:||April 26, 2019|
|Final rule effective date:|
|Rule compliance date:|
|Agency release:||Supervisory Committee Audit Rule Changes Proposed|
|Related Reg Report item(s):||Credit union audit rules would be more flexible under NCUA proposal|