Page 14 - October 2017

effective from 09/28/2017 through 11/22/2017. The The National Credit Union Administration (NCUA)
rule may be viewed at: announced the decision to close the Temporary
https://www.gpo.gov/fdsys/pkg/FR-2017-10- Corporate Credit Union Stabilization Fund in 2017,
02/pdf/2017-21094.pdf. Federal Register, Vol. 82, prior to its scheduled closing date in June 2021, and
No. 189, 10/02/2017, 45722-45725. raise the normal operating level of the National
Credit Union Share Insurance Fund to 1.39 percent.
SEC Issues Notice of Applications for The Stabilization Fund Closure is effective
Deregistration. 10/01/2017, the normal operating level of the
Insurance Fund is effective 09/28/2017. The notice
may be viewed at:
SEC issued a notice of applications for deregistration https://www.gpo.gov/fdsys/pkg/FR-2017-10-
under section 8(f) of the Investment Company Act of 04/pdf/2017-21305.pdf. Federal Register, Vol. 82,
1940. A copy of each application may be obtained No. 191, 10/04/2017, 46298-46309.
via SEC’s Web site by searching for the file number,
or for an applicant using the Company name box, at
http://www.sec.gov/search/search.htm or by calling NCUA Proposes Amendments to
(202) 551-8090. An order granting each application Advertising Rule.
will be issued unless the SEC orders a hearing. The
notice includes all applications for the month of NCUA proposed to revise certain provisions of its
September. The notice may be viewed at: advertising rule to provide regulatory relief to
https://www.gpo.gov/fdsys/pkg/FR-2017-10- federally insured credit unions (FICUs). The
05/pdf/2017-21416.pdf. Federal Register, Vol. 82, advertising rule requires FICUs to use NCUA’s
No. 192, 10/05/2017, 46587-46589. official advertisement statement when advertising. In
addition to being permitted to use any of the three
FASB Issues Statement of Federal current versions of the official advertising statement,
NCUA proposes to allow FICUs the option of using a
Financial Accounting Concepts 8. fourth version, namely by stating “Insured by
NCUA.” To provide additional regulatory relief,
The Federal Accounting Standards Advisory Board NCUA proposes to expand a current exemption from
(FASB) issued Statement of Federal Financial the advertising statement requirement regarding radio
Accounting Concepts 8, Federal Financial and television advertisements, and eliminate the
Reporting. The Statement is available on the FASB requirement to include the official advertising
website at: http://www.fasab.gov/accounting- statement on statements of condition required to be
standards/. The notice may be viewed at: published by law. Comments are due 12/04/2017.
https://www.gpo.gov/fdsys/pkg/FR-2017-09- The notice may be viewed at:
27/pdf/2017-20675.pdf. Federal Register, Vol. 82, https://www.gpo.gov/fdsys/pkg/FR-2017-10-
No. 186, 09/27/2017, 45023. 04/pdf/2017-21316.pdf. Federal Register, Vol. 82,
No. 191, 10/04/2017, 46173-46174.
FASB Requests Comment on Proposed
Statement of Federal Financial NCUA Requests Comment on Strategic
Accounting Standards. Plan.

FASB issued an exposure draft of a proposed NCUA requests comment on its 2018-2022 Draft
Statement of Federal Financial Accounting Standards Strategic Plan. The NCUA 2018-2022 Draft Strategic
titled Amending Inter-Entity Cost Provisions. Plan summarizes the internal and external
Comments are due 11/30/2017. The notice may be environment impacting NCUA; evaluates NCUA
viewed at: https://www.gpo.gov/fdsys/pkg/FR-2017- programs and risks; and provides goals and
09-14/pdf/2017-19064.pdf. Federal Register, Vol. objectives for the next five years. While NCUA
82, No. 177, 09/14/2017, 43231. welcomes all comments from the public and
stakeholders, it specifically invites comments and
NCUA Announces Early Closure of input on the proposed goals and objectives of the
Temporary Corporate Credit Union strategic plan. Comments are due 12/04/2017. The
Stabilization Fund. notice may be viewed at:
https://www.gpo.gov/fdsys/pkg/FR-2017-10-

04/pdf/2017-21304.pdf. Federal Register, Vol. 82,
No. 191, 10/04/2017, 46297-46298.

12