FRB Solicits Comments on Proposed Amendments to Reg. A

The Board of Governors of the Federal Reserve System ("FRB") invited public comment on proposed amendments to Regulation A ("Conditional Small Issues Exemption"). Regulation A amendments would implement Dodd-Frank Section 1101 ("Federal Reserve Act Amendments on Emergency Lending Authority"), which is designed to ensure that any emergency lending program or extension of credit authorized by the FRB is for the purpose of providing liquidity to the financial system, and not to aid an individual failing financial company.

Comments must be submitted by March 7, 2014.

See: FRB Request for Public Comment; Press Release.Related news: SEC Proposes Rules and Forms Amending Regulation A (with Delta Strategy Group Summary) (December 19, 2013); SEC Proposes Amendments to Reg. A to Increase Access to Capital for Smaller Companies (December 18, 2013); See also: Current Version of Regulation A (subscribers only).