Regulatory Alerts2022-09-01 | 2022-18203Rules Regarding Delegation of Authority
The Board of Governors of the Federal Reserve System adopted a final rule revising its regulations regarding the delegation of authority under Section 11(k) of the Federal Reserve Act. This rule codifies previously uncodified delegations to Board members, staff, and Reserve Banks, while also making technical changes and rescinding superseded delegations. The update aims to enhance transparency, improve usability, and relieve regulatory burden on institutions and practitioners by incorporating delegations approved since the last comprehensive revision in 1991.
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