On March 17th, the Financial Stability Oversight Council ("FSOC") issued two Notices of Proposed Rulemaking. The first addresses the Designation of Financial Market Utilities (FMU) for Heightened Supervision. An FMU designated by the FSOC as systemically important would become subject to the heightened prudential and supervisory provisions of the Dodd-Frank Act. The second NPR addresses the FSOC's FOIA Regulations. See also Treasury Department Press Release.