3133-AF55 202310 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3133 National Credit Union Administration NCUA Incorporation of Existing Statement of Policy Regarding Exceptions to Employment Restrictions Under Section 205(d) of the Federal Credit Union Act

The NCUA Board is considering issuing a proposed rule to incorporate Interpretive Ruling and Policy Statement 19-1 (IRPS 19-1) regarding statutory prohibitions imposed by Section 205(d) of the Federal Credit Union Act into its regulations. Section 205(d) prohibits, except with the prior written consent of the Board, any person who has been convicted of any criminal offense involving dishonesty or breach of trust, or who has entered into a pretrial diversion or similar program in connection with a prosecution for such offense, from participating in the affairs of an insured credit union. The Board is also considering amendments to IRPS 19-1 to reflect recent statutory changes to Section 205(d) of the Federal Credit Union Act and increase consistency with comparable Federal Deposit Insurance Corporation regulations.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Proposed Rule Stage No No 12 CFR 701 12 CFR 741 12 CFR 746 12 CFR 748 12 CFR 752 12 U.S.C. 1785(d) No NPRM 11/00/2023 No No None No No https://ncua.gov/regulation-supervision/rulemakings-proposals-comment No No Rachel Ackmann J. Senior Staff Attorney 3133 National Credit Union Administration NCUA 703 548-2601 703 518-6569 rackmann@ncua.gov 1775 Duke Street, Alexandria VA 22314