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FCA Regulatory Projects Plan

The Agency posts its Regulatory Projects Plan twice a year, coinciding with its semiannual update of the Unified Regulatory Agenda, which is published on the Web at RegInfo.gov in the spring and fall of each year.

The plan lists the regulatory and policy projects that are active for a 12-month period and describes the types of regulatory and policy actions planned for each quarter and their purpose. The goal in providing the plan is to make upcoming regulatory actions transparent.

The plan is also available as a PDF (5 pages, 53 KB).



Regulatory Project
Type of
Action and Date


Purpose
January–March 2016
Similar Entity Authorities
3052-xxxx

Begin Review
01/04/16

Would consider whether revised or additional guidance is needed to clarify the authorities of System banks and associations to participate in similar entity loans.
Appraisal Regulations
3052-AC94  

End Review
03/00/16

Would consider whether changes in appraisal regulations are necessary in light of changing credit and economic conditions.
Capital—Basel 3
3052-AC81 

Final Rule
03/00/16

Would revise existing capital rules in Part 615  and create a new Part 628 , so that they are comparable with the standardized version of  Basel III, as adopted by U.S. banking regulators.
Eligibility Criteria for Directors
3052-AC97

End Review
03/00/16

Would consider eligibility criteria for directors, particularly in situations where an individual owns an interest in an entity that is a borrower/stockholder of a System bank or association.
Removal of Stockholder-Elected Directors
3052-AC98

End Review
03/00/16

Would consider whether, and under what circumstances, a stockholder-elected director of a System bank or association can be removed by the bank’s or association’s board of directors.
Director Election Nomination Procedures
3052-AD04

End Review
03/00/16

Would consider whether to modify current regulations and/or guidance related to the director nomination process, including information the nominating committees should have access to when considering potential nominees.
April–June 2016
Highly Compensated Employees Disclosures
3052-AD10

End Review
04/00/16

Would consider amendments to our regulations that define highly compensated employees (HCEs) in § 620.6(c)((2)(i) by specifying the components included in the Summary Compensation Table that are not to be included by institutions in their calculations when determining HCEs.
Lending and Loan Servicing Controls
3052-AD06 

End Review
04/00/16

Would consider whether revised or additional regulatory guidance is needed for internal or other controls over the System’s lending functions, including the loan application, origination, servicing and portfolio administration functions.
Criminal Activity Referrals and Related Internal Controls
3052-AD03

End Review
05/00/16

Would consider whether the current regulatory guidance regarding internal controls to prevent, identify, and monitor fraud and criminal activity needs revisions. Will also review the processes for referring known or suspected criminal violations.
Criteria to Reinstate Non-accrual Loans
3052-AD09

End Review
06/00/16

Would consider amendments to the criteria for reinstating non-accrual loans under § 621.9.
Farmer Mac – Corporate Governance and Standards of Conduct
3052-AC89 

Final Rule
06/00/16

Would consider whether to clarify and strengthen Board governance regulations found throughout Part 651 and to establish Standards of Conduct regulations.
Bank Review of Insider Loans
3052-AC95  

 

End Review
06/00/16

Would consider whether the current regulations requiring bank review of association insider loans is appropriate for the System’s current structure and serves to ensure compliance with applicable Standards of Conduct regulations.
July–September 2016
Standards of Conduct
3052-AC44 

NPRM
07/00/16

Would re-propose revisions to the existing standards of conduct regulations in Subpart A, Part 612, and consider a more principle-based rule to facilitate a sound standards of conduct program at System institutions.
Investment Eligibility
3052-AC84

Final Rule
07/00/16

Would consider revisions to the investment eligibility regulations for banks and associations at § 615.5140 and § 614.5242, respectively, including modifications to remove references to credit ratings and substitute an appropriate standard of creditworthiness as required by section 939A of the Dodd-Frank Act.
Basel III Liquidity Requirements
3052-AD12

Begin Review
09/00/16

 

Would study whether it to align liquidity requirements with the Federal Banking Regulatory Authorities (FBRAs) and Basel III Liquidity Regime. Included in this study is whether both a Liquidity Coverage Ratio (LCR)  and Net Stable Funding Ratio (NSFR)  should apply to System banks.
Financing Farm-Related Service Businesses
3052-AC82 

End Review
09/00/16

Evaluate the System’s lending to farm related service businesses under § 613.3020 and determine whether these regulations provide the appropriate framework for determining eligibility and purposes of financing for service providers, including service providers within local food systems, in accordance with the Farm Credit Act.
Amortization Limits – Agricultural Credit Associations and Production Credit Associations
3052-AC92

NPRM
09/00/16

Would consider clarifying or changing the amortization limits for agricultural credit associations and production credit associations.
October–December 2016
Stress Testing
3052-xxxx

Begin Review
10/00/16

Would consider stress testing requirements for System banks and associations, assumptions for stress tests conducted and reporting stress test results.
Private Flood Insurance
3052-AD11

NPRM
10/00/16

Would amend FCA regulations applicable to Farm Credit System lending to conform with the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act of 2012.
Territorial Concurrence
3052-AD01

End Review
12/00/16

Would consider whether the current regulations requiring notice or concurrence for loans extended in another association’s chartered territory are appropriate for the System’s current structure, lending practices and operating environment, and serve to support safety and soundness, operational efficiency, cooperative principles, and customer service.
Farmer Mac—Investment Eligibility
3052-AC86

Final Rule
12/00/16

Would consider appropriate changes related to eligible investment asset classes and address the removal of references to credit ratings as required by section 939A of the Dodd-Frank Act.
Cybersecurity
3052-xxxx

Begin Review
12/00/16

Would consider revisions to current information technology regulations to address information security, multifactor authentication, and cybersecurity.
Similar Entity Authorities
3052-xxxx

End Review
12/00/16

Would consider whether revised or additional guidance is needed to clarify the authorities of System banks and associations to participate in similar entity loans.
Pending
Farmer Mac Risk-Based Capital Stress Test, Ver. 5.0
3052-AC70

Pending Would consider removing credit ratings data as inputs in the Risk Based Capital model pursuant to section 939A of the Dodd-Frank Act.  Also, consider requirements to include diversity and inclusion in operational and strategic planning regulations.
Attribution Rules
3052-AC99

Pending Would consider whether to modify current attribution rules that are applied to determine when loans to a related borrower are combined and attributed to a borrower’s outstanding loans for lending and leasing limit purposes.
NPRM = Notice of Proposed Rulemaking
Spring 2016 Regulatory Projects Plan