The Board is issuing this guidance to provide clarity on the manner in which the conformance period would apply to various activities and investments covered by the requirements of section 619 of the Dodd-Frank Act. This guidance is identical to what the Board announced on its public Web site on April 19, 2012.
Agency Contact: Board: Christopher M. Paridon, Counsel, (202) 452-3274, or Anna M. Harrington, Attorney, Legal Division, (202) 452-6406; Jeremy R. Newell, Division of Bank Supervision and Regulation, (202) 452-3239, Board of Governors of the Federal Reserve System, 20th and C Streets NW., Washington, DC 20551.
This rule is final. Its effective date is June 8, 2012.