Rolnictwo i finanse · 31.10.1994

Organization; General Provisions; Disclosure to Shareholders; Technical Assistance and Financially Related Services; Member Insurance

The Farm Credit Administration (FCA), by the Farm Credit Administration Board (Board), proposes to amend the regulations governing Technical Assistance and Financially Related Services and Member Insurance. Subpart A of the proposed regulation defines what constitutes technical assistance, financial assistance and financially related services and what types of activities the Farm Credit System (System) institutions are authorized to provide. The proposed regulation allows greater flexibility in this area, while maintaining the FCA's ability to regulate safety and soundness risks. The FCA's existing prior approval requirement is eliminated and replaced with a post-review process for all services, except for those that have never been authorized by the FCA. The FCA also proposes to amend the Member Insurance regulation to clarify existing rules and reduce regulatory burdens wherever possible.