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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 (3 pages, 230 KB).

Regulation Project/Date
Type of
Action
Purpose
January–March 2014
Appraisal Regulations
3052-AC94
Begin Review
01/27/14
Would consider whether changes in appraisal regulations are necessary in light of changing credit and economic conditions.
Bank Review of Insider Loans
3052-AC95
Begin Review
02/00/14
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.
Crop Insurance Sales Compensation
3052-AC96
Begin Review
02/00/14
Would consider whether current limitations on compensation from crop insurance sales should be modified.
Farmer Mac – Corporate Governance and Standards of Conduct
3052-AC89
ANPRM
02/00/14
Would consider whether to clarify and strengthen Board governance regulations found throughout Part 651 and to establish Standards of Conduct regulations.
Eligibility Criteria for Outside Directors
3052-AC97 
Begin Review
03/00/14
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
Begin Review
03/00/14
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.
April–June 2014
Margin and Capital Requirements for
Non-cleared Swaps
3052-AC69
NPRM
04/00/14
Interagency rulemaking to implement sections 731 and 764 of the Dodd-Frank Act by establishing margin and capital requirements for FCS institutions, including Farmer Mac, that engage in non-cleared swaps and non-cleared security-based swap transactions.
Capital—Basel 3
3052-AC81
NPRM
04/00/14
Would revise sections of the capital rules at Part 615 so that they are consistent with Basel 3, as appropriate.
Investment Eligibility
3052-AC84
NPRM
04/00/14
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.
Loans in Areas Having Special Flood Hazards
3052-AC93
Final Rule
04/00/14
Would amend FCA regulations applicable to Farm Credit System lending to conform with the Biggert-Waters Flood Insurance Reform Act.
Farmer Mac—Investment Eligibility
3052-AC86  
NPRM
05/00/14
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.
Revisions to Requirements for Mergers of Banks and Mergers of Associations
3052-AC72
NPRM
06/00/14
Would consider revisions to regulations in Part 611 on the requirements for the merger or consolidation of banks and the merger and consolidation of associations.
Institution Stockholder Voting Procedures
3052-AC85
NPRM
06/00/14
Would amend FCA regulations to clarify and enhance voting procedures related to procedures for tabulating votes, the use of teller committees, the distribution and handling of ballots, and other items as identified.
July–September 2014
Regulatory Burden
3052-AC93
Final Notice
07/00/14
In support of section 212(b) of the Farm Credit System Report Act of 1996 and FCA's Policy Statement on Regulatory Philosophy, would solicit comments for the removal or revision of outdated, unnecessary, or burdensome regulations.
Farmer Mac Risk-Based Capital Stress Test, Ver. 5.0
3052-AC70 
        
End Review
08/00/14
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.
Financing Farm-Related Service Businesses
3052-AC82
End Review
09/00/14
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
End Review
09/00/14
Would consider clarifying or changing the amortization limits for agricultural credit associations and production credit associations.

Bank/Association Lending Relationship
3052-AC90
End Review
09/00/14
Evaluate regulatory requirements on general financing agreements between banks and associations under 614.4125 and consider whether bank authorities to address safety and soundness issues in affiliated associations could be enhanced.
Farmer Mac – Corporate Governance and Standards of Conduct
3052-AC89
NPRM
09/00/14
Would consider whether to clarify and strengthen Board governance regulations found throughout Part 651 and to establish Standards of Conduct regulations.
Margin and Capital Requirements for Non-cleared Swaps
3052-AC69
Final Rule
09/00/14
Interagency rulemaking to implement sections 731 and 764 of the Dodd-Frank Act by establishing margin and capital requirements for FCS institutions, including Farmer Mac, that engage in non-cleared swaps and non-cleared security-based swap transactions.
October–December 2014
Attribution Rules (614.4359)
3052-XXXX
Begin Review
10/00/14
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.
Standards of Conduct
3052-AC44   
Final Rule
10/00/14
Would make regulatory changes to clarify and strengthen the existing standards of conduct regulations at Subpart A, Part 612, including issues surrounding director fiduciary duties.
Investment Eligibility
3052-AC84
Final Rule
11/00/14
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.
Appraisal Regulations
3052-AC94 
End Review
12/00/14
Would consider whether changes in appraisal regulations are necessary in light of changing credit and economic conditions.
Farmer Mac—Investment Eligibility
3052-AC86
Final Rule
12/00/14
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.
Capital—Basel 3
3052-AC81   
Final Rule
12/00/14
Would revise sections of the capital rules at Part 615 so that they are consistent with Basel 3, as appropriate.
Revisions to Requirements for Mergers of Banks and Mergers of Associations
3052-AC72
Final Rule
12/00/14
Would consider revisions to regulations in Part 611 on the requirements for the merger or consolidation of banks and the merger and consolidation of associations.
Spring 2014 Regulatory Projects Plan