Amendments to the Capital Plan Rule
The Board is amending the capital plan rule to limit the scope of potential objections to a firm’s capital plan on the basis of qualitative deficiencies in the firm’s capital planning process (qualitative objection). In particular, effective immediately, the Board will no longer issue a qualitative objection under the capital plan rule to a firm if the firm has been subject to a potential qualitative objection for four consecutive years, and the firm does not receive a qualitative objection in the fourth year of that period. In addition, except for certain firms that have received a qualitative objection in the immediately prior year, the Board will no longer issue a qualitative objection to any firm effective January 1, 2021.
|Comments due date:||March 13, 2019 (The removal of the qualitative objection under the capital plan was applicable March 6, 2019.)|
|Final rule effective date:||
|Rule compliance date:|
|Related Reg Report item(s):||