Authority To Require Supervision and Regulation of Certain Nonbank Financial Companies

Docket ID: FSOC-2011-0001
Agency: Financial Stability Oversight Council (FSOC)
Parent Agency: Department of the Treasury (TREAS)
Section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the DFA) (Pub. L. 111-203) provides the Financial Stability Oversight Council (the Council) the authority to require that a nonbank financial company be supervised by the Board of Governors of the Federal Reserve System (Board of Governors) and be subject to prudential standards in accordance with title I of the DFA if the Council determines that material financial distress at such a firm, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the firm, could pose a threat to the financial stability of the United States. The rule describes the criteria that will inform, and the processes and procedures that will guide, the Council's designation of nonbank financial companies under the DFA.
RIN: 4030-AA00
Impacts and Effects: None
CFR Citation: 12 CFR 1310
Priority: Other Significant
UA and Regulatory Plan Information open glossary dialog  
Publication Period: Fall 2012
Agenda Stage of Rulemaking: Completed Action
Major Rule: No
Legal Authorities: PL 111-203
Legal Deadlines: None
Government Levels Affected: No
Federalism Implications: No
Unfunded Mandates: No
Requires Regulatory Flexibility Analysis: No
Small Entities Affected: No
International Impacts: No
Energy Effects: No
Included in Regulatory Plan: No
ActionDateFR Citation
ANPRM10/06/201075 FR 61653
ANPRM Comment Period End11/06/2010
NPRM01/26/201176 FR 4555
NPRM Comment Period End02/25/2011
Second NPRM10/18/201176 FR 64264
Second NPRM Comment Period End12/19/2011
Final Rule04/11/201277 FR 21637
Final Rule Effective05/11/2012
Docket Details open glossary dialog  
Related RINs: None
Related Dockets: None
Keyword(s): nonbank, nonbank financial companies
Type: Rulemaking

Primary Documents

View All  (3)
Comment Period Closed
Dec 19, 2011 11:59 PM ET
Proposed Rule
Posted: 10/18/2011
ID: FSOC-2011-0001-0045
Comment Period Closed
Feb 25, 2011 11:59 PM ET
Proposed Rule
Posted: 01/26/2011
ID: FSOC-2011-0001-0001
Comment Period Closed
Proposed Rule
Posted: 07/27/2011
ID: FSOC-2011-0001-0046

Supporting Documents

View All  (1)
Comments Not Accepted
Supporting & Related Material
Posted: 10/27/2011
ID: FSOC-2011-0001-0048


View All  (87)

Comments Received*
Regulatory Timeline
Pre Rule
Current Stage
Proposed Rule
Current Stage
Final Rule
Current Stage
Current Stage
Agency Contact
Lance Auer
Policy Advisor
202 622-1286
Department of Treasury, Washington, DC 20220
Washington, DC 20220
*This count refers to the total comment/submissions received on this docket, as of 11:59 PM yesterday. Note: Agencies review all submissions, however some agencies may choose to redact, or withhold, certain submissions (or portions thereof) such as those containing private or proprietary information, inappropriate language, or duplicate/near duplicate examples of a mass-mail campaign. This can result in discrepancies between this count and those displayed when conducting searches on the Public Submission document type. For specific information about an agency’s public submission policy, refer to its website or the Federal Register document.