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FRS RIN: 7100-AE09 Publication ID: Spring 2015 
Title: Regulation HH--Financial Market Utilities (Docket No: R-1477)  
Abstract:

The Board of Governors of the Federal Reserve System (Board) finalized amendments to the risk-management standards currently in the Board's Regulation HH, part 234 of title 12 of the Code of Federal Regulations, by replacing the previous risk-management standards in section 234.3 (for payment systems) and section 234.4 (for central securities depositories and central counterparties) with a common set of risk-management standards applicable to all types of designated FMUs in section 234.3.  The Board also finalized related amendments to definitions in section 234.2.

 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 234   
Legal Authority: 12 U.S.C. 5464 (a)(1)(A)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comments  01/22/2014  79 FR 3666   
Board Adopted Final Rule  11/05/2014  79 FR 65543   
Final Action Effective  12/31/2014 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
Jennifer A. Lucier
Deputy Associate Director
Federal Reserve System
Reserve Bank Operations and Payment Systems,
Phone:202 872-7581

Chris Clubb
Special Counsel
Federal Reserve System
Legal Division,
Phone:202 452-3904