Proposed Rule2023-13648
Authority To Require Supervision and Regulation of Certain Nonbank Financial Companies
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
June 27, 2023
Issuing agencies
Financial Stability Oversight Council
Abstract
The Financial Stability Oversight Council (Council) is extending by 30 days the comment period on its proposed interpretive guidance, which would replace the Council's existing interpretive guidance on nonbank financial company determinations and which describes the process the Council intends to take in determining whether to subject a nonbank financial company to supervision and prudential standards by the Board of Governors of the Federal Reserve System. The comment period will now close on July 27, 2023.
Full Text
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<title>Federal Register, Volume 88 Issue 122 (Tuesday, June 27, 2023)</title>
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[Federal Register Volume 88, Number 122 (Tuesday, June 27, 2023)]
[Proposed Rules]
[Page 41510]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-13648]
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Proposed Rules
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
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Federal Register / Vol. 88 , No. 122 / Tuesday, June 27, 2023 /
Proposed Rules
[[Page 41510]]
FINANCIAL STABILITY OVERSIGHT COUNCIL
12 CFR Part 1310
[Docket No. FSOC-2023-0002]
Authority To Require Supervision and Regulation of Certain
Nonbank Financial Companies
AGENCY: Financial Stability Oversight Council
ACTION: Proposed interpretive guidance; extension of comment period.
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SUMMARY: The Financial Stability Oversight Council (Council) is
extending by 30 days the comment period on its proposed interpretive
guidance, which would replace the Council's existing interpretive
guidance on nonbank financial company determinations and which
describes the process the Council intends to take in determining
whether to subject a nonbank financial company to supervision and
prudential standards by the Board of Governors of the Federal Reserve
System. The comment period will now close on July 27, 2023.
DATES: Comment due date: July 27, 2023.
ADDRESSES: You may submit comments by either of the following methods.
All submissions must refer to the document title and docket number
FSOC-2023-0002.
Electronic Submission of Comments: You may submit comments
electronically through the Federal eRulemaking Portal at <a href="https://www.regulations.gov">https://www.regulations.gov</a>. Electronic submission of comments allows the
commenter maximum time to prepare and submit a comment, ensures timely
receipt, and enables the Council to make them available to the public.
Comments submitted electronically through the <a href="https://www.regulations.gov">https://www.regulations.gov</a> website can be viewed by other commenters and
interested members of the public. Commenters should follow the
instructions provided on that site to submit comments electronically.
Mail: Send comments to Financial Stability Oversight Council, Attn:
Eric Froman, 1500 Pennsylvania Avenue NW, Room 2308, Washington, DC
20220.
All properly submitted comments will be available for inspection
and downloading at <a href="https://www.regulations.gov">https://www.regulations.gov</a>.
In general, comments received, including attachments and other
supporting materials, are part of the public record and are available
to the public. Do not submit any information in your comment or
supporting materials that you consider confidential or inappropriate
for public disclosure.
FOR FURTHER INFORMATION CONTACT: Eric Froman, Office of the General
Counsel, Treasury, at (202) 622-1942; Devin Mauney, Office of the
General Counsel, Treasury, at (202) 622-2537; or Carol Rodrigues,
Office of the General Counsel, Treasury, at (202) 622-6127.
SUPPLEMENTARY INFORMATION: On April 28, 2023, at 88 FR 26234 the
Council published in the Federal Register proposed interpretive
guidance describing the process the Council intends to take in
determining whether to subject a nonbank financial company to
supervision and prudential standards by the Board of Governors of the
Federal Reserve System (Proposed Guidance). Comments on the Proposed
Guidance were originally due on June 27, 2023.
The Council has received a request to extend the comment period to
allow interested parties additional time to review and comment on the
Proposed Guidance. The Council is therefore extending the comment
period on the Proposed Guidance by 30 days to July 27, 2023.
Dated: June 22, 2023.
Sandra Lee,
Deputy Assistant Secretary, Financial Stability Oversight Council.
[FR Doc. 2023-13648 Filed 6-26-23; 8:45 am]
BILLING CODE 4810-AK-P-P
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