The Federal Reserve Board announced on Friday that it is extending the comment period for its proposal to modernize Regulation O. The new deadline for submitting comments is November 4, 2026. Originally, the deadline for comments was October 5, 2026.
The extension was granted to provide interested parties with additional time to analyze the proposal and prepare their responses. The proposed rule changes relate to Regulation O, which governs the extension of credit by banks to their "insiders." According to the filing, insiders include bank executives, board members, and major shareholders who could potentially influence a bank's lending decisions.
The Board stated that the extension aims to facilitate a more thorough review of the issues raised by the modernization proposal.
