Rule2021-23059
Standards of Conduct
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 22, 2021
Effective
January 1, 2023
Issuing agencies
Farm Credit Administration
Abstract
On September 13, 2021, the Farm Credit Administration (FCA) issued a final rule on standards of conduct for directors and employees of Farm Credit System (System) institutions. That final rule document inadvertently failed to update two cross-references to the standards of conduct rules contained in parts 611 and 621 of the same chapter. This document makes those changes to the cross-references contained in parts 611 and 621.
Full Text
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<title>Federal Register, Volume 86 Issue 202 (Friday, October 22, 2021)</title>
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[Federal Register Volume 86, Number 202 (Friday, October 22, 2021)]
[Rules and Regulations]
[Page 58559]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-23059]
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Rules and Regulations
Federal Register
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This section of the FEDERAL REGISTER contains regulatory documents
having general applicability and legal effect, most of which are keyed
to and codified in the Code of Federal Regulations, which is published
under 50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by the Superintendent of Documents.
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Federal Register / Vol. 86, No. 202 / Friday, October 22, 2021 /
Rules and Regulations
[[Page 58559]]
FARM CREDIT ADMINISTRATION
12 CFR Parts 611 and 621
RIN 3052-AC44
Standards of Conduct
AGENCY: Farm Credit Administration.
ACTION: Final rule; technical amendments.
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SUMMARY: On September 13, 2021, the Farm Credit Administration (FCA)
issued a final rule on standards of conduct for directors and employees
of Farm Credit System (System) institutions. That final rule document
inadvertently failed to update two cross-references to the standards of
conduct rules contained in parts 611 and 621 of the same chapter. This
document makes those changes to the cross-references contained in parts
611 and 621.
DATES: Effective January 1, 2023.
FOR FURTHER INFORMATION CONTACT: Antonya Brown, Technical Editor,
Office of General Counsel, Farm Credit Administration, McLean, VA
22102-5090, (703) 883-4020, TTY (703) 883-4056.
SUPPLEMENTARY INFORMATION: On Monday, September 13, 2021, FCA published
in the Federal Register (86 FR 50956) a final rule amending FCA
regulations governing standards of conduct for System director and
employees, excluding the Federal Agricultural Mortgage Corporation,
located in part 612 of chapter VI, title 12 of the Code of Federal
Regulations. The rulemaking included renumbering certain sections of
the existing standards of conduct provisions. In issuing the final
rule, corresponding updates to standards of conduct regulatory
references were inadvertently omitted. This document changes those
cross-references to FCA standards of conduct contained Sec. Sec.
611.1153(c)(3) and 621.30 of the same chapter.
List of Subjects in 12 CFR Parts 611 and 621
Accounting, Agriculture, Banks, Banking, Conflicts of interest,
Crime, Reporting and recordkeeping requirements, Investigations, Rural
areas.
Accordingly, 12 CFR parts 611 and 621 are corrected by making the
following correcting amendments:
PART 611--ORGANIZATION
0
1. The authority citation for part 611 continues to read as follows:
Authority: Secs. 1.2, 1.3, 1.4, 1.5, 1.12, 1.13, 2.0, 2.1, 2.2,
2.10, 2.11, 2.12, 3.0, 3.1, 3.2, 3.3, 3.7, 3.8, 3.9, 4.3A, 4.12,
4.12A, 4.15, 4.20, 4.21, 4.25, 4.26, 4.27, 4.28A, 5.9, 5.17, 5.25,
7.0-7.13, 8.5(e) of the Farm Credit Act (12 U.S.C. 2002, 2011, 2012,
2013, 2020, 2021, 2071, 2072, 2073, 2091, 2092, 2093, 2121, 2122,
2123, 2124, 2128, 2129, 2130, 2154a, 2183, 2184, 2203, 2208, 2209,
2211, 2212, 2213, 2214, 2243, 2252, 2261, 2279a-2279f-1, 2279aa-
5(e)); secs. 411 and 412 of Pub. L. 100-233, 101 Stat. 1568, 1638;
secs. 414 of Pub. L. 100-399, 102 Stat. 989, 1004.
Subpart J--Unincorporated Business Entities
Sec. 611.1153 [Amended]
0
2. In Sec. 611.1153, amend paragraph (c)(3) by removing the phrase
``in compliance with the standards of conduct rules in Sec. Sec.
612.2130 through 612.2270'' and adding in its place the phrase ``in
compliance with the standards of conduct rules in 12 CFR 612, subpart A
of this chapter.''
PART 621--ACCOUNTING AND REPORTING REQUIREMENTS
0
3. The authority citation for part 621 continues to read as follows:
Authority: Secs. 4.12(b)(5), 4.14, 4.14A, 4.14D, 5.17, 5.22A,
8.11 of the Farm Credit Act (12 U.S.C. 2183, 2202, 2202a, 2202d,
2252, 2257a, 2279aa-11); sec. 514 of Pub. L. 102-552.
Subpart E--Auditor Independence
Sec. 621.30 [Amended]
0
4. In Sec. 621.30, amend the last sentence by removing the phrase
``Sec. 612.2260 of this chapter'' and adding in its place the phrase
``Sec. 612.2180 of this chapter.''
* * * * *
Dated: October 19, 2021.
Dale Aultman,
Secretary, Farm Credit Administration.
[FR Doc. 2021-23059 Filed 10-21-21; 8:45 am]
BILLING CODE 6705-01-P
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