Regulatory AlertsSR 25-6: Status of Certain Investment Funds and their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations
The Federal Reserve Board issued Supervision and Regulation Letter SR 25-6 to extend a no-action position regarding extensions of credit by banks to related interests of asset managers that are principal shareholders. This guidance allows banks and asset managers to avoid enforcement actions for Regulation O violations and FDIC reporting failures under Part 363, provided specific conditions demonstrating a lack of control are met. The statement remains effective until January 1, 2027, or until a final Board rule revising Regulation O to address these issues takes effect.
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