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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 (4 pages, 97 KB).



Regulatory Project
Type of
Action and Date


Purpose
October–December 2016
Bank Review of Insider Loans
3052-AC95  
End Review
10/00/16

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.
Lending and Loan Servicing Controls
3052-AD06  

End Review
10/00/16

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
10/00/16

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.
Stress Testing
3052-AD15

Begin Review
10/00/16

Would consider stress testing by System banks and associations, including requirements to identify and quantify risk in loan portfolios for effective strategic and capital planning processes, assumptions for stress tests 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.
FOIA Regulations
3052 – AD18

Final Rule
10/00/16

FOIA legislation is requiring FCA to make several revisions to FCA’s FOIA regulations. Revisions made will be as follows: changing the deadline for filing appeals, changing some fee provisions, and providing additional notice about the FOIA public liaison officer.
Financing Farm-Related Service Businesses
3052-AC82 

End Review
12/00/16

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.
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.
Appraisal Regulations
3052-AC94

End Review
12/00/16

Would consider whether changes in appraisal regulations are necessary in light of changing credit and economic conditions.
Eligibility Criteria for Outside Directors
3052-AC97

End Review
12/00/16

Would consider eligibility criteria for outside 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
12/00/16

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.
Cybersecurity
3052-AD13

Begin Review
12/00/16

Would consider revisions to current information technology regulations to address information security, multifactor authentication, and cybersecurity.
January–March 2017
Standards of Conduct
3052-AC44 

NPRM
02/00/17

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
03/00/17

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.
Director Election Nomination Procedures
3052-AD04

End Review
03/00/17

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 2017
Farmer Mac—Investment Eligibility
3052-AC86 

Final Rule
04/00/17

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.
Similar Entity Authorities
3052-AD14

End Review
06/00/17

Would consider whether revised or additional guidance is needed to clarify the authorities of System banks and associations to participate in similar entity loans.
Basel III Liquidity Requirements
3052-AD12

End Review
06/00/17

 

Would study whether 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
July–September 2017
Criteria to Reinstate Non-accrual Loans
3052-AD09

NPRM
07/00/17

Would consider amendments to criteria for reinstating non-accrual loans under § 621.9.

This rulemaking would consider amendments to provide more objective criteria related to the reasonable doubt of the borrower’s willingness and ability to pay in 12 CFR 621.9(c). Additionally, this rulemaking would seek to align related rules in 12 CFR 621.9 for consistent treatment of a loan in nonaccrual status.
Stress Testing
3052-AD15

End Review
09/00/17

Would consider stress testing by System banks and associations, including requirements to identify and quantify risk in loan portfolios for effective strategic and capital planning processes, assumptions for stress tests and reporting stress test results.
Amortization Limits – Agricultural Credit Associations and Production Credit Associations
3052-AC92

NPRM
09/00/17

Would consider clarifying or changing the amortization limits for agricultural credit associations and production credit associations.
Cybersecurity
3052-AD13

End Review 09/00/17

Would consider revisions to current information technology regulations to address information security, multifactor authentication, and cybersecurity.
Responsibilities of Associations to Provide Information to District Bank
3052-xxxx

Begin Review
09/00/17

Would consider the responsibilities of System associations to provide information to their District bank, including information the bank deems necessary for timely and accurate completion of bank and System financial reports.
Borrower Rights
3052-xxxx

NPRM
09/00/17

This rulemaking would consider revisions to regulations in Part 617 on borrower rights to clarify disclosure and servicing requirements.
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.

Comments/Updates: OSMO is currently conducting research for this project.

Attribution Rules
3052-AC99

Pending Summary: 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.

Comments/Updates: Due to limitation of staff resources, this has been placed in the pending category until a more well-defined date is assigned.

NPRM = Notice of Proposed Rulemaking
Fall 2016 Regulatory Projects Plan