Few Revisions to Final Corp Regs
NCUA's final Part 704 corporate rules, released Sept. 24, contained few revisions to the agency's initial proposal. Most rules will become effective 90 days following the publication of final regulations in The National Register.
The most noteworthy change was the simplification of limitations on permissible corporate investments. The regulator completely eliminated all subordinated securities and private-label mortgage-backed securities, rather than allowing them in limited concentrations as originally proposed.