The Federal Reserve Board ("FRB") final rule amending the "capital plan rule" to limit the scope of potential objections to a firm's capital plan was published in the Federal Register (see here for previous coverage). The final rule is effective as of March 13, 2019. The removal of the qualitative objection under the capital plan became effective on March 6, 2019. With the exception for firms that have received a qualitative objection in the immediately prior year, the FRB will not issue a qualitative objection to any firm, beginning on January 1, 2021.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
