View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
NCUA RIN: 3133-AF08 Publication ID: Spring 2020 
Title: ●Subordinated Debt 
Abstract:

The NCUA Board proposed to amend various parts of its regulations to permit low-income designated credit unions (LICUs), Complex Credit Unions, and New Credit Unions to issue Subordinated Debt for purposes of regulatory capital treatment.  Specifically, this proposal would create a new subsection in the NCUA's final risk-based capital (RBC) rule that would address the requirements and regulatory capital treatment of Subordinated Debt.  This new subpart would, among other things, contain requirements related to applying for authority to issue Subordinated Debt, credit union eligibility to issue Subordinated Debt, prepayments, disclosures, securities laws, and the terms of a Subordinated Debt Note.  The proposed rule has a 120-day comment period.

 
Agency: National Credit Union Administration(NCUA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 701    12 CFR 702    12 CFR 709    12 CFR 741   
Legal Authority: 12 U.S.C. 1752(5)    12 U.S.C. 1755 to 1759    12 U.S.C. 1761a and 1761b    12 U.S.C. 1766 and 1767    12 U.S.C. 1766(a)    12 U.S.C. 1781 to 1790    12 U.S.C. 1786(h)    12 U.S.C. 1786(t)    12 U.S.C. 1787(b)(4)    12 U.S.C. 1789a    12 U.S.C. 1790d    15 U.S.C. 1601 et seq.    15 U.S.C. 3717, sec. 701.6    31 U.S.C. 3717    42 U.S.C. 1981    42 U.S.C. 3601 to 3610   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/00/2020 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-and-recently-final-regulations  
RIN Data Printed in the FR: No 
Agency Contact:
Justin Michael Anderson
Senior Staff Attorney
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 518-6556
Fax:703 518-6569
Email: janderson@ncua.gov