|Title:||Netting Eligibility for Financial Institutions|
The Board of Governors (Board) is seeking comment on a proposal to amend Regulation EE to include certain new entities in the definition of “financial institution” contained in section 402 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) so that they will be covered by FDICIA’s netting provisions. The proposal would also clarify how the existing activities-based test in Regulation EE applies following a consolidation of legal entities.
|Comments due date:||
July 1, 2019
|Final rule effective date:|
|Rule compliance date:|
|Related Reg Report item(s):||Fed netting reg would treat more entities as ‘financial institutions’ under proposal|