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Regulatory News

Fed extends comment period on Regulation O proposal

The Federal Reserve Board said Friday it will extend the comment period on its proposal to modernize Regulation O until November 4.

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  • Comments were originally due by October 5.
  • The proposal would modernize Regulation O.
  • The rule covers credit extended by a bank to insiders.

Action

The Federal Reserve Board said Friday it will extend the comment period on its proposal to modernize Regulation O until November 4.

Macro photograph of a young fern frond unfurling with dewdrops, the curled tip centered in the upper two-thirds of the frame and the lower third softly blurred and empty.
Fed extends comment period on Regulation O proposal

Regulation O governs the extension of credit by a bank to its insiders, including bank executives, board members and major shareholders who could potentially influence lending decisions.

The Board said it extended the period to give interested parties more time to analyze the issues and prepare comments.

Effective

Comments on the proposal were originally due by October 5.

Source: Federal Reserve,