Search Results for citation:"86 FR 223"

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Search Results: citation:"86 FR 223"

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  • 2020-27191 — District Financial Reporting
    Type:Rule
    Citation:86 FR 223
    Reading Time:about a minute or two

    The Farm Credit Administration (FCA) has updated their regulations to change the way Farm Credit banks report financial information about related associations in their annual financial statements. The new rule, which took effect on December 4, 2020, lets banks choose between presenting this information in two ways: either as a footnote or attached as a supplement in their reports. This regulation aims to give shareholders better access to district financial information.

    Simple Explanation

    The Farm Credit Administration made a new rule so banks can share their financial information more clearly. Now, when banks write their money reports, they can choose to add extra information about certain groups either in small notes or as extra pages, but they didn't really explain why this is better or how it might affect the banks.

  • 2020-26536 — Portfolio Reconciliation Requirements for Swap Dealers and Major Swap Participants-Revision of “Material Terms” Definition
    Type:Rule
    Citation:86 FR 223
    Reading Time:about 14 minutes

    The Commodity Futures Trading Commission (CFTC) is making changes to ensure swap dealers and major swap participants can continue to reconcile their swap portfolios without disruption. This comes after recent amendments to swap data regulations that would have otherwise impacted the reconciliation process. The CFTC has introduced an interim final rule that involves technical adjustments to maintain the current requirements for these reconciliations, ensuring that swap dealers can keep operating as they have been. The public is invited to comment on these changes until March 8, 2021.

    Simple Explanation

    Imagine you have a special toy collection, and every so often, you need to make sure all your toys are in the right place. The rule that helps you do this is being updated so everything stays organized like before. Even grown-ups are giving their thoughts until March 2021 to keep things running smoothly!