WASHINGTON, Oct. 15 -- National Credit Union Administration has issued a proposed rule called: Central Liquidity Facility.
The proposed rule was published in the Federal Register on Oct. 15 by Melane Conyers-Ausbrooks, Secretary of the Board.
Summary: The NCUA Board (Board) is proposing to adopt as final the revisions to the Central Liquidity Facility (CLF) rule made under two interim final rules (IFRs) published in the Federal Registeron April 29, 2020, and March 24, 2021. The proposal would adopt the amendments made by these IFRs and, where appropriate, would remove provisions from the NCUA's regulations that have lapsed under the terms of the IFRs. The proposal would also remove or modify certain filing requirements and criteria the Bo...