In Brief: April 2013
- No New Deadlines. No rulemaking requirements were due in April.
- 5 Requirements Met, 0 Proposed. The Federal Reserve released final rules on the definitions of “predominantly engaged in financial activities,” “significant nonbank financial company” and “significant bank holding company.” The Federal Reserve also released final rules on requirements related to retail foreign exchange transactions for banking organizations under their jurisdiction. The SEC and CFTC released a joint final rule requiring entities under their jurisdiction to identify and address identity theft red flags.
State of Play to Date:
- In the past month, no rulemaking requirements were due and 5 rulemaking requirements were met with finalized rules. No new rules that would meet rulemaking requirements were proposed.
- As of May 1, 2013, a total of 279 Dodd-Frank rulemaking requirement deadlines have passed. This is 70.1% of the 398 total rulemaking requirements, and 99.6% of the 280 rulemaking requirements with specified deadlines.
- Of these 279 passed deadlines, 175 (62.7%) have been missed and 104 (37.3%) have been met with finalized rules. Regulators have not yet released proposals for 65 of the 175 missed rules.
- Of the 398 total rulemaking requirements, 153 (38.4%) have been met with finalized rules and rules have been proposed that would meet 116 (29.2%) more. Rules have not yet been proposed to meet 129 (32.4%) rulemaking requirements.