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 describes the regulatory and policy projects scheduled for the next 12 months. The goal in providing the plan is to make upcoming regulatory actions transparent.
The plan is also available as a PDF.
|Margin and Capital Requirements for Covered Swap Entities 3052-AD34||Interim Final Rule 03/00/2019||This interagency interim final rule amends regulations governing the status of legacy swaps between a covered swap entity’s affiliate or related establishment in the United Kingdom (U.K.) and a European Union (EU) counterparty when the U.K. affiliate or establishment transfers the swaps to an affiliate or other related establishment located within the (EU) if the U.K. withdraws from the EU without an agreement. (Joint Agency Rulemaking)|
|Regulatory Burden 3052-AD24||Final Notice 05/00/2019||In support of section 212(b) of the Farm Credit System Reform Act of 1996 and FCA’s Policy Statement on Regulatory Philosophy, would address comments received concerning the removal or revision of outdated, unnecessary, or burdensome regulations.|
|Appraisal Regulations 3052-AC94||NPRM 06/00/2019||Would consider revisions to collateral evaluation regulations in light of changing credit and economic conditions.|
|Margin and Capital Requirements for Covered Swap Entities 3052-AD38||NPRM 06/00/2019||Would amend the regulation governing Margin and Capital Requirements for Covered Swap Entities to clarify that certain non-cleared swaps would retain their legacy status if they are amended solely to substitute another reference rate for LIBOR as it is phased out and to address other issues. (Joint Agency Rulemaking) (Joint Agency Rulemaking)|
|Margin and Capital Requirements for Covered Swap Entities 3052-AD34||Final Rule 06/00/2019||This interagency final rule amends regulations governing the status of legacy swaps between a covered swap entity’s affiliate or related establishment in the United Kingdom (U.K.) and a European Union (EU) counterparty when the U.K. affiliate or establishment transfers the swaps to an affiliate or other related establishment located within the (EU) if the U.K. withdraws from the EU without an agreement. (Joint Agency Rulemaking)|
|Implementation of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule & Conforming Amendments 3052-AD36||NPRM 07/00/2019||Would address changes to U.S. generally accepted accounting principles (U.S. GAAP) described in Accounting Standards Update No. 201613, Topic 326, Financial Instruments Credit Losses (ASU 201613), including System institutions’ implementation of the current expected credit losses methodology. Specifically, the proposal would revise the Agency’s regulatory capital rules to identify which credit loss allowances under the new accounting standard are eligible for inclusion in regulatory capital. The rulemaking would also make conforming amendments to other regulations that reference credit loss allowances.|
|Investment Eligibility 3052-AD35||NPRM 08/00/2019||Would consider whether to include certain obligations unconditionally guaranteed by the United States Department of Agriculture as eligible investments for associations.|
|Revision to Tier 1/ Tier 2/ Permanent Capital 3052-AD27||NPRM 09/00/2019||Would amend the Tier 1/ Tier 2 Regulatory Capital and related regulations by making technical and minor substantive corrections and clarifications.|
|Amortization Limits – Agricultural Credit Associations and Production Credit Associations 3052-AC92||NPRM 10/00/2019||Would consider clarifying or changing the amortization limits for agricultural credit associations and production credit associations.|
|Borrower Rights 3052-AD20||NPRM 10/00/2019||Would consider revisions to regulations in Part 617 on borrower rights to clarify disclosure and servicing requirements.|
|Standards of Conduct 3052-AC44||Final Rule 11/00/2019||Would revise the existing standards of conduct regulations in Subpart A, Part 612, and provide for a more principle-based rule to facilitate a sound standards of conduct program at System institutions.|
|District Financial Reporting 3052-AD37||NPRM 12/00/2019||Would consider revisions to FCA regulations on district financial reporting format, content, and distribution.|
|Criteria to Reinstate Non-Accrual Loans 3052-AD09||Final Rule 02/00/2020||Would 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 align related rules in 12 CFR 621.9 for consistent treatment of a loan in nonaccrual status.|
|Eligibility Criteria for Outside Director 3052-AC97||Final Rule 02/00/2020||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.|
|Limitations on Bank Director Compensation 3052-AD39||NPRM 02/00/2020||Would revise FCA regulations on compensation of bank directors to comply with the Agriculture Improvement Act of 2018.|
ANPRM = Advance Notice of Proposed Rulemaking
NPRM = Notice of Proposed Rulemaking