In other action at its Oct. 1 meeting, as noted in this FSOC press release, the council approved release of:
- an Advance Notice of Proposed Rulemaking (ANPR) on designating nonbank financial companies for heightened supervision, and
- a Notice and Request for Information (RFI) on the council's "Volcker Rule" (cite: wikipedia) study and recommendations. [The 'Volcker Rule,' according to FSOC, 'will help improve the safety of our nation's banking system by prohibiting proprietary trading activities and certain private fund investments.']
Separately, the council also agreed to an 'Integrated Implementation Roadmap' for the council and its independent member agencies, which include, among others, the SEC, CFTC, Fed, FDIC, Treasury, and OCC.
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