Rolnictwo i finanse · 30/06/1995

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

The Farm Credit Administration (FCA or Agency), by the Farm Credit Administration Board (Board), issues a final regulation governing Technical Assistance and Financially Related Services and Member Insurance. Subpart A of the final regulation defines technical assistance, financial assistance and financially related services and clarifies what types of services the Farm Credit System (System or FCS) institutions are authorized to provide. The final regulation maintains the FCA's ability to regulate safety and soundness risks while allowing FCS institutions greater flexibility to exercise statutory authorities. The existing prior approval requirement is replaced with a list of authorized services, a post-review process for all services that have been authorized by the FCA, and a procedure for obtaining FCA authorization to offer a new service that has not been previously reviewed and authorized. The final rule replaces the FCA Board Policy Statement on Out-Of-Territory Financially Related Services (FCA-PS-50 BM-10-June-93-03) and the FCA Bookletter on Out-Of-Territory Financially Related Services dated September 3, 1993. The final Member Insurance regulation clarifies existing rules