Fed Delegation Of Authority Rules

On Nov. 17, Fed issued rules regarding delegation of authority.

  • Fed issued final rule, correcting amendments to delegation of authority, 12 CFR 265.
  • Added delegations of authority previously approved by Board, technical corrections.
  • Delegations Building Block Approach Regulation Q
  • Authority to require a supervised insurance organization to exclude, approve, adjust all or portion of particular company capital element from Building block available capital.
  • Take certain actions to better reflect the risk profile of an inventory company or the supervised insurance organization, under Regulation Q (12 CFR 217.601(d)).
  • Ability to require a supervised insurance organization to apply an alternative treatment to a treatment otherwise required; to approve a request to exercise a call option.
  • To approve request to redeem or repurchase an instrument; to include in building block available capital an instrument issued by company in a supervised insurance org.
  • Regulation D
  • Authority to approve the annual indexation of the reserve requirement exemption amount, low reserve tranche amount under Regulation D, 12 CFR 204 .
  • Authority is applicable only if no change is proposed to any of the formulas by which the reserve requirement exemption or reserve tranche amount are calculated.
  • Effectiveness
  • Revisions are effective on the date of publication, Nov. 17, 2023.

Regulators Fed
Entity Types Bank; Ins; Thrift
Reference 88 FR 80108, 11/17/2023, Docket No. R-1778, RIN 7100-AG37, Citation: *12 CFR* 204, 217, 265;
Functions C-Suite; Financial; Reporting; Treasury
Countries United States of America
Category Central Bank
Products Banking; Insurance
Regions Am
Rule Type Final
Rule Date 11/17/2023
Effective Date 11/17/2023
Rule Id 191604
Linked to N/A
Reg. Last Update 11/17/2023
Report Section US Insurance

Last substantive update on 11/20/2023