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NCUA RIN: 3133-AF29 Publication ID: Spring 2021 
Title: ●Derivatives 

The NCUA Board issued a proposed rule that is intended to modernize the NCUA’s Derivatives rule and make it more principles-based.  This proposal retains key safety and soundness components, while providing more flexibility for federal credit unions (FCUs) to manage their interest rate risk (IRR) through the use of Derivatives. The changes included in this proposal would streamline the regulation and expand credit unions' authority to purchase and use Derivatives for the purpose of managing IRR.  This proposal also reorganized rule content related to loan pipeline management into one section, which will aid in readability and clarity.  The Board is reviewing the comments.

Agency: National Credit Union Administration(NCUA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 701    12 CFR 703    12 CFR 741    12 CFR 746   
Legal Authority: 12 U.S.C. 1757(7)    12 U.S.C. 1757(8)    12 U.S.C. 1757(15)   
Legal Deadline:  None
Action Date FR Cite
NPRM  10/29/2020  85 FR 68487   
NPRM Comment Period End  12/28/2020 
Final Action  05/00/2021 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:  
RIN Data Printed in the FR: No 
Agency Contact:
Justin Anderson
Senior Staff Attorney
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 518-6556
Fax:703 518-6569