Voglio sapere a riguardo di…

59288

Federal Register / Vol. 86, No. 205 / Wednesday, October 27, 2021 / Rules and Regulations
IV. Regulatory Procedures A. Regulatory Flexibility Act The Regulatory Flexibility Act requires the NCUA to prepare an analysis to describe any significant economic impact a regulation may have on a substantial number of small entities.30 For purposes of this analysis, the NCUA considers small credit unions to be those having under $100 million in assets.31 The agency has determined that this rule will not significantly affect credit unions regardless of asset size because it is not adding any substantive requirement. Accordingly, the associated cost is minimal. The NCUA
certifies the rule will not have a significant economic impact on a substantial number of small credit unions.
B. Paperwork Reduction Act The Paperwork Reduction Act of 1995
applies to rulemakings in which an agency by rule creates a new paperwork burden on regulated entities or modifies an existing burden.32 For purposes of the Paperwork Reduction Act of 1995, a paperwork burden may take the form of either a reporting or a recordkeeping requirement, both referred to as information collections. This rule imposes no new paperwork-related requirements. Therefore, this rule will not create new paperwork burdens or modify any existing paperwork burdens.

lotter on DSK11XQN23PROD with RULES1

C. Executive Order 13132
Executive Order 13132 encourages independent regulatory agencies to consider the impact of their actions on state and local interests. In adherence to fundamental federalism principles, the NCUA, an independent regulatory agency as defined in 44 U.S.C. 35025, voluntarily complies with the executive order. This rule will not have a substantial direct effect on the states, on the connection between the National Government and the states, or on the distribution of power and responsibilities among the various levels of government. The NCUA has determined this rule does not constitute a policy that has federalism implications for purposes of the executive order.
D. Assessment of Federal Regulations and Policies on Families The NCUA has determined that this rule will not affect family well-being
within the meaning of Section 654 of the Treasury and General Government Appropriations Act, 1999.33

word CAMEL and adding in its place the word CAMELS, wherever it appears.

E. Small Business Regulatory Enforcement Fairness Act The Small Business Regulatory Enforcement Fairness Act of 1996
SBREFA generally provides for congressional review of agency rules.34
A reporting requirement is triggered in instances where the NCUA issues a final rule as defined by 551 of the Administrative Procedure Act. An agency rule, in addition to being subject to congressional oversight, may also be subject to a delayed effective date if the rule is a major rule. The NCUA does not believe this rule is a major rule within the meaning of the relevant sections of SBREFA. As required by SBREFA, the NCUA will submit this final rule to OMB for it to determine if the final rule is a major rule for purposes of SBREFA. The NCUA also will file appropriate reports with Congress and the Government Accountability Office so this rule may be reviewed.

PART 701ORGANIZATION AND
OPERATION OF FEDERAL CREDIT
UNIONS

List of Subjects 12 CFR part 700
Credit unions.
12 CFR part 701
Credit unions. Insurance. Reporting and recordkeeping requirements.
12 CFR part 703
Credit unions. Investments. Reporting and recordkeeping requirements.
12 CFR part 704
Corporate Credit Unions, Prompt Corrective Action 12 CFR part 713
Bonds. Credit unions. Insurance.
By the National Credit Union Administration Board on October 21, 2021
Melane Conyers-Ausbrooks, Secretary of the Board.

For the reasons discussed in the preamble, the Board amends 12 CFR
parts 700, 701, 703, 704, and 713 as follows:
PART 700DEFINITIONS
1. The authority citation for part 700
continues to read as follows:

U.S.C. 603a.
Ruling and Policy Statement 032, 68 FR 31949 May 29, 2003 as amended by Interpretive Ruling and Policy Statement 131, 78
FR 4032 Jan. 18, 2013.
32 44 U.S.C. 3507d; 5 CFR part 1320.
31 Interpretive
VerDate Sep<11>2014

18:39 Oct 26, 2021

Jkt 256001

Authority: 12 U.S.C. 17525, 1755, 1756, 1757, 1758, 1759, 1761a, 1761b, 1766, 1767, 1782, 1784, 1786, 1787, 1788, 1789. Section 701.6 is also authorized by 15 U.S.C. 3717.
Section 701.31 is also authorized by 15
U.S.C. 1601 et seq.; 42 U.S.C. 1981 and 3601
3610. Section 701.35 is also authorized by 42
U.S.C. 43114312.
701.14

Amended
2. In 700.2, amend the definition of troubled condition by removing the
Amended
4. Amend 701.14, in paragraphs b3i and ii and b4i and ii, by removing the word CAMEL and adding in its place the word CAMELS.

701.23

Amended
5. Amend 701.23, in paragraph b2
introductory text, by removing the word CAMEL and adding in its place the word CAMELS.

PART 703INVESTMENT AND
DEPOSIT ACTIVITIES
6. The authority citation for part 703
continues to read as follows:

Authority: 12 U.S.C. 17577, 17578, and 175715.
703.13

Amended
7. Amend 703.13, in paragraph d3iii, by removing the word CAMEL and adding in its place the word CAMELS.

703.14

Amended
8. Amend 703.14, in paragraphs i and j4, by removing the word CAMEL and adding in its place the word CAMELS, and in paragraph j4 by removing the word subparagraph and adding paragraph j4 in its place.

PART 704CORPORATE CREDIT
UNIONS
9. The authority citation for part 704
continues to read as follows:

Authority: 12 U.S.C. 1752, 17576, 1766.
700.2

30 5

3. The authority citation for part 701
continues to read as follows:

Authority: 12 U.S.C. 1766a, 1781, 1789.
704.4

Amended

33 Public 34 5

PO 00000

Law 105277, 112 Stat. 2681 1998.
U.S.C. 551.

Frm 00010

Fmt 4700

Sfmt 4700

10. Amend 704.4, in paragraph d3ii, by removing the word CAMEL and adding in its place the word CAMELS.

E:FRFM27OCR1.SGM

27OCR1