Regulatory Alerts2026-03-05 | 2026-04373Rules Regarding Delegation of Authority; Correction
The Board of Governors of the Federal Reserve System issues correcting amendments to 12 CFR Part 265 to update its Rules Regarding Delegation of Authority. The Board adds two previously approved delegations of authority, specifically granting the General Counsel power to grant exceptions to anti-tying provisions and empowering the Director of the Division of Reserve Bank Operations and Payment Systems to establish notification processes under Regulation HH. Additionally, the Board makes technical corrections to existing sections, including removing reserved paragraphs and updating statutory references to ensure the rules accurately reflect current legal requirements.
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